XTB, a fintech that provides individual investors instant access to financial markets through its online trading platform and mobile app, received a securities agent license from Chile’s Financial Market Commission (CMF).
This achievement, announced in February 2025, marks a key milestone for the company as it strengthens its presence and further expands its capabilities in Latin America.
The securities agent license, granted by the CMF on February 20, 2025, allows XTB to offer Chilean investors a suite of financial products, including international stocks, exchange-traded funds (ETFs), and derivatives, all under local regulatory oversight.
This development enhances XTB’s ability to cater to the Chilean market, providing investors with access to financial instruments via its xStation platform.
Previously, XTB served Chilean clients through its Belize-based entity, XTB International Limited, since entering the market in 2017.
The license transitions these operations to a regulated local framework, enabling XTB to unlock marketing opportunities and build brand awareness in Chile while ensuring compliance with regional standards.
Omar Arnaout, CEO of XTB, said:
“Latin America represents a market with immense potential for retail brokerage beyond Europe. Chile stands out as a cornerstone in our vision for global expansion, and this license allows us to bring our full range of innovative investment solutions to a growing base of Chilean clients. We’re excited to enhance our competitive position in the region and look forward to onboarding our first clients under this new framework in the first half of 2025.”
The company is advancing its operational and technological infrastructure to support this rollout, ensuring that Chilean investors can leverage tools for efficient portfolio management.
This move is part of XTB’s Latin American expansion strategy, which builds on its earlier efforts in the region.
The company first entered Latin America by securing regulatory approval in Mexico, followed by partnerships in Peru and Colombia by 2023.
With over 1.36 million customers globally and a workforce exceeding 1,100 across jurisdictions like the UK, Germany, and Dubai, XTB brings expertise to Chile.
Founded in Poland in 2002 and listed on the Warsaw Stock Exchange (GPW: XTB), the company operates under the oversight of regulators, including the UK’s Financial Conduct Authority and the Polish Financial Supervision Authority.
Looking ahead, XTB’s plans in the region reportedly extend beyond Chile.
The company is said to be in the advanced stages of obtaining necessary licenses in Brazil, with plans to continue its expansion throughout 2025.
This phased approach reflects XTB’s commitment to bridging the gap for Latin American investors seeking exposure to international markets through a regulated, accessible platform.
By combining its technological expertise—highlighted by the xStation 5 platform—with a localized strategy, XTB aims to capitalize on the demand for investment products in one of the world’s emerging markets.