XTB, a trading fintech for individual investors, is consolidating its operations in Chile through a securities agency license. The firm announced in a statement that it has obtained this authorization from the Comisión para el Mercado Financiero (CMF), the local regulator.
Thanks to this authorization, the company will be able to offer investments in international stocks, ETFs, and derivatives. This will complement an existing lineup of financial instruments, which primarily features CFDs on various underlying assets, such as currencies, commodities, indices, stocks, ETFs, and cryptocurrencies.
The company described this as a “significant milestone”, as it strengthens its foothold in Latin America. The license, they noted, reinforces XTB‘s presence in “a dynamic region that offers multiple market opportunities” for brokerage firms.
Now, they are focusing on operational and technological developments to begin the onboarding process—with XTB’s tools integrated into its app—welcoming their first Chilean clients in the first half of the year.
Looking ahead, their goal is to continue regional expansion in 2025. They confirmed that they are already well advanced in the process of obtaining the necessary licenses to operate in Brazil.
“Looking at the retail brokerage market outside of Europe, we recognize the enormous potential of Latin America. Chile stands out as a key player in XTB’s global growth vision, and I look forward to welcoming the many new clients we will gain under our new license,” said Omar Arnaout, the company’s CEO, in the press release.
Founded in Poland—where its headquarters remain—in 2004, XTB reports 1.4 million clients worldwide. In addition to several offices across Europe, the company also has a location in Dubai. Santiago is currently its only base in Latin America
