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Finance Magnates· Damian Chmiel·· 3 hours agoAI score41

XTB customer assets are mainly stocks and ETFs, but CFDs still contribute 90.5% of gross profit from financial instruments

XTB’s Clients Now Mostly Own Stocks, but CFDs Still Earn 90% of Its Trading Result

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XTB’s preliminary third-quarter report shows that customers held PLN 56.2 billion as of the end of September, with stocks and ETFs accounting for 86% and open CFD positions just 1.3%, but CFDs contributed 90.5% of gross profit from financial instruments. Quarterly profit quadrupled to PLN 213.7 million, while CEO Omar Arnaout hopes to reduce the share of revenue from CFDs to around 70%.

Source:Finance Magnates · financemagnates.com