XTB willannounce the expansion of its latest passive "Investment Plans"today offering to include an auto-trading option, Finance Magnates haslearned.
OmarArnaout, the CEO of the publicly listed Polish fintech (WSE: XTB), thinks "recurringpayments facilitate long-term, passive investing and leverage the globalpotential offered by ETF funds."
Since lastautumn, XTB clients could invest in passive instruments for the medium and longterm. The Investment Plans enable the creation of up to 10 investmentportfolios, each with a unique strategy based on selected ETF funds. Eachportfolio can include a maximum of 9 funds, with a minimum investment of just$15.
XTB hadpreviously announced plans to expand its service and implement the ability to fundeach investment portfolio regularly. This functionality was scheduled forimplementation by the end of the year but has been slightly delayed.
"Thanksto modern technology and the use of algorithmic trading, our clients can nowinvest a chosen amount regularly," Arnaout added. He claims that XTB isexpanding its offerings with products appealing to those interested ininvesting but lacking the time for active involvement.
With therecurring payment feature, each investor can determine how often and whatamount they want to invest, with the flexibility to change settings anytime tomatch their current investment needs and goals.
Accordingto Finance Magnates, XTB will begin promoting the new offering startingThursday and it will be immediately implemented in all markets where InvestmentPlans are available. These markets include Poland, the home market of fintech ,where the number of brokerage sector clients recently surpassed 200,000 andother countries in Europe and beyond.
"Weare seeing promising results for Investment Plans in all markets," the CEOof XTB concluded.
XTB Focuses on Interestfrom Idle Funds and AI
Thepublicly listed broker continues to expand its offerings. For instance, lastmonth, XTB's Dubai branch announced the launch of fractional shares trading forinvestors in the UAE. In November, XTB also offered attractive interest rateson idle client deposits, with new traders receiving 5% for USD accounts and3.8% for EUR accounts.
"Weare fully aware that our clients are looking for additional ways to put theirmoney to work while waiting for market opportunities to start investingactively," XTB commented at the time. The company acknowledged that thisis another nod toward those seeking more passive forms of saving.
XTB has recently focused on utilizing artificial intelligence (AI ) in trading andbusiness processes. To this end, it created a new AI division headed by TomaszGawron, formerly involved in research on mobile robotics and roboticsprogramming. This division is set to develop AI-based products that willsupport the trading process and the end user. Initially, these products areexpected to support internal workflows.
All of thesemoves aim to maintain the high momentum of the broker's acquisition of newclients. According to the latest report from Q3 2023, the number of activeclients grew 47%. While revenue and net profit fell due to lower marketvolatility, the company has long signaled that its primary indicator is itsclients. In the first nine months of 2023, the company acquired over 234,000 ofthem, 60% more than the previous year.
XTB willannounce the expansion of its latest passive "Investment Plans"today offering to include an auto-trading option, Finance Magnates haslearned.
OmarArnaout, the CEO of the publicly listed Polish fintech (WSE: XTB), thinks "recurringpayments facilitate long-term, passive investing and leverage the globalpotential offered by ETF funds."
Since lastautumn, XTB clients could invest in passive instruments for the medium and longterm. The Investment Plans enable the creation of up to 10 investmentportfolios, each with a unique strategy based on selected ETF funds. Eachportfolio can include a maximum of 9 funds, with a minimum investment of just$15.
XTB hadpreviously announced plans to expand its service and implement the ability to fundeach investment portfolio regularly. This functionality was scheduled forimplementation by the end of the year but has been slightly delayed.
"Thanksto modern technology and the use of algorithmic trading, our clients can nowinvest a chosen amount regularly," Arnaout added. He claims that XTB isexpanding its offerings with products appealing to those interested ininvesting but lacking the time for active involvement.
With therecurring payment feature, each investor can determine how often and whatamount they want to invest, with the flexibility to change settings anytime tomatch their current investment needs and goals.
Accordingto Finance Magnates, XTB will begin promoting the new offering startingThursday and it will be immediately implemented in all markets where InvestmentPlans are available. These markets include Poland, the home market of fintech ,where the number of brokerage sector clients recently surpassed 200,000 andother countries in Europe and beyond.
"Weare seeing promising results for Investment Plans in all markets," the CEOof XTB concluded.
XTB Focuses on Interestfrom Idle Funds and AI
Thepublicly listed broker continues to expand its offerings. For instance, lastmonth, XTB's Dubai branch announced the launch of fractional shares trading forinvestors in the UAE. In November, XTB also offered attractive interest rateson idle client deposits, with new traders receiving 5% for USD accounts and3.8% for EUR accounts.
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"Weare fully aware that our clients are looking for additional ways to put theirmoney to work while waiting for market opportunities to start investingactively," XTB commented at the time. The company acknowledged that thisis another nod toward those seeking more passive forms of saving.
XTB has recently focused on utilizing artificial intelligence (AI ) in trading andbusiness processes. To this end, it created a new AI division headed by TomaszGawron, formerly involved in research on mobile robotics and roboticsprogramming. This division is set to develop AI-based products that willsupport the trading process and the end user. Initially, these products areexpected to support internal workflows.
All of thesemoves aim to maintain the high momentum of the broker's acquisition of newclients. According to the latest report from Q3 2023, the number of activeclients grew 47%. While revenue and net profit fell due to lower marketvolatility, the company has long signaled that its primary indicator is itsclients. In the first nine months of 2023, the company acquired over 234,000 ofthem, 60% more than the previous year.
As an expert in the field of finance and fintech, I can confidently provide insights into the concepts mentioned in the article about XTB's expansion of its passive "Investment Plans" and other related developments. My expertise is backed by a comprehensive understanding of financial markets, investment strategies, and the integration of technology, particularly artificial intelligence, in the financial industry.
Firstly, XTB, a publicly listed Polish fintech firm, has recently announced the expansion of its passive "Investment Plans" to include an auto-trading option. This move is in line with the company's strategy to cater to investors interested in long-term, passive investing. XTB's CEO, Omar Arnaout, emphasizes the use of recurring payments to facilitate passive investing, leveraging the global potential offered by Exchange-Traded Fund (ETF) funds.
The Investment Plans introduced by XTB allow clients to invest in passive instruments, specifically selected ETF funds, for the medium and long term. Each client can create up to 10 investment portfolios, each with a unique strategy based on their chosen ETF funds. The portfolios can consist of a maximum of 9 funds, and the minimum investment is remarkably low at just $15.
An innovative aspect of XTB's offering is the ability for clients to fund each investment portfolio regularly through recurring payments. This feature, enabled by modern technology and algorithmic trading, provides investors with the flexibility to determine the frequency and amount of their investments. The goal is to attract individuals interested in investing but lacking the time for active involvement.
XTB's expansion also includes the introduction of fractional shares trading in its Dubai branch and offering attractive interest rates on idle client deposits. These initiatives aim to provide additional avenues for clients to make their money work while waiting for active market opportunities.
Furthermore, XTB has been focusing on incorporating artificial intelligence (AI) in its trading and business processes. The establishment of a dedicated AI division, led by Tomasz Gawron, reflects the company's commitment to developing AI-based products that support both the trading process and end users. Initially, these AI products are expected to enhance internal workflows.
To maintain high momentum in acquiring new clients, XTB is strategically diversifying its offerings. Despite experiencing a decrease in revenue and net profit due to lower market volatility, the company prioritizes client acquisition, evident in the 47% growth in active clients reported in Q3 2023. In the first nine months of 2023, XTB acquired over 234,000 clients, marking a substantial 60% increase compared to the previous year.
In conclusion, XTB's expansion of its Investment Plans, focus on passive investing, introduction of auto-trading options, utilization of AI, and efforts to attract idle funds showcase the company's adaptability to market trends and commitment to providing diverse and innovative financial solutions for its clients.
