XTB Expands in Latin America with New Securities Agent License in Chile

XTB has announced a milestone in its global expansion, receiving a securities agent license in Chile from the Chilean Commission for the Financial Market (CMF). This license will enable the company to offer investments in international stocks, ETFs, and derivatives to local investors.

Also, the approval of the securities agent license strengthens XTB’s foothold in the dynamic Latin American market, which offers promising opportunities for brokerage firms. With the license in hand, XTB can now expand its services to retail investors in Chile, providing them with access to a wide range of global financial products.

XTB Expands in Latin America with New Securities Agent License in Chile

Moreover, Omar Arnaout, CEO of XTB, expressed his enthusiasm for the move, stating, “As we consider the retail brokerage market beyond Europe, we recognize the immense potential in Latin America. Chile stands out as a key player in XTB’s global growth vision, and I eagerly anticipate welcoming many new clients who will be onboarded under our new license. This development will be crucial in enhancing our competitive position in the region.”

Furthermore, the company is already advancing its operational and technological developments, aiming to start onboarding Chilean clients in the first half of 2025. With XTB’s intuitive app, local investors will benefit from simple and efficient tools to manage their investments, making it easier for them to navigate global markets.

XTB’s expansion efforts in Latin America are not stopping in Chile. The company is also well into the process of obtaining licenses in Brazil, further reinforcing its commitment to growth in the region.

So, this expansion into Latin America reflects XTB’s broader strategy to diversify its market presence and offer world-class investment opportunities to retail investors around the globe.

Company Overview

XTB is a globally famous online brokerage and trading firm. Established in 2002, it became a premier retail Forex and CFD services provider. Operating across numerous countries, XTB is subject to regulation by esteemed financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Polish Financial Supervision Authority (KNF) in Poland. Renowned for its reliability, XTB offers exceptional customer support, an extensive range of forex and CFD options, and an exemplary trading environment. 

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