XTB Secures UAE and Indonesia Licenses, Expands in 2025

XTB Expands Global Reach with Key Licenses

The UAE has proven to be an important market for XTB, as seen by the 44.7% year-over-year revenue growth in Q3 2024. With the recently acquired Securities and Commodities Authority (SCA) license, XTB intends to expand its activities beyond Dubai's special economic zones.

The 5th category license allows the organization to:

• Improve operational efficiency.
• Expand the breadth of financial services in the UAE.
• Increase local job possibilities.
• Set up a new office outside Dubai's economic zones.

This move is consistent with XTB's long-term goal to strengthen its presence in the Middle East, a market rich in investment opportunities.

Indonesia: A Promising Market for Expansion

XTB's entry into Indonesia represents a key milestone in the company's aim to tap into Southeast Asia's expanding financial markets. The firm's affiliate, XTB Indonesia Berjangka, was recently granted a PALN license by Indonesia's Bappebti regulator, allowing citizens to participate in global stocks and ETFs via XTB.

According to XTB's CEO, Omar Arnaout, “This license brings us much closer to beginning operations in Indonesia. Months of preparation have enabled us to join this market in the first half of 2025.”

Indonesia's thriving economy and growing demand for investment opportunities make it an ideal target for XTB's unique products.

Innovation in 2025: New Products on the Horizon

Beyond geographical expansion, XTB has big ambitions for 2025. The company plans to launch a virtual wallet with a multi-currency card for its European markets in Q1, along with additional product developments throughout the year.

These efforts demonstrate XTB's dedication to improving client experience and staying ahead of technical changes in the financial sector.

Final Thought

XTB's strategic actions in the UAE and Indonesia represent another step toward becoming a global financial behemoth. By combining market penetration and new solutions, XTB establishes a standard for brokerage businesses seeking to prosper in an increasingly competitive global economy.