XTB Opens New Office in Dubai to Strengthen Middle East Presence

XTB has expanded its operations in the Middle East by opening a new office in Dubai. The company announced that the office is located in One Central (Offices 5) at the Dubai World Trade Centre, a strategic hub for global financial services.

This expansion follows XTB’s acquisition of a license from the UAE’s Securities and Commodities Authority (SCA) a few months ago. The broker also renewed its Dubai Financial Services Authority (DFSA) license, under which it has been operating since July 2021.

XTB Opens New Office in Dubai to Strengthen Middle East Presence

“The UAE is a key market for us; this is why securing compliance with both the SCA and DFSA is crucial in allowing us to offer even greater security, transparency, and investment opportunities to our clients,” said Achraf Drid, Managing Director at XTB MENA.

“With our new office in One Central at the Dubai World Trade Centre, we are strategically positioned to enhance our services and support investors in the region like never before.”

The company emphasized that the SCA licence will enable it to expand its services for retail and institutional investors. Meanwhile, its DFSA licence will allow it to continue serving clients within the Dubai International Financial Centre (DIFC).

XTB’s Middle East expansion is part of its broader global growth strategy. Recently, the company secured an Indonesian licence, followed by a securities agent licence from Chile’s financial market regulator, further strengthening its presence in Latin America.

The broker has also reported a significant increase in its client base. The total number of active accounts in the CFDs industry has exceeded 5 million, with XTB leading non-Japanese brokers with 555,000 active accounts in Q4 2024.

Financially, XTB experienced a strong performance in 2024, with revenue climbing 15.8% to PLN 1.87 billion and net profit increasing 8.6% year-over-year to PLN 859.4 million. Despite rising operational costs, the broker benefited from strong market trends and growing investor interest in financial instruments.

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. 

Discover more in our Complete Review.