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XTB, a global company providing individual investors access to financial markets worldwide, has received a securities agent license in Chile, marking an important step in its Latin American expansion.
The license, granted by the Chilean Commission for the Financial Market (CMF), allows XTB to strengthen its position in the region and offer investments in international stocks, ETFs, and derivatives.
"As we consider the retail brokerage market beyond Europe, we recognize the immense potential in Latin America. Chile stands out as a key player in XTB's global growth vision, and I eagerly anticipate welcoming many new clients who will be onboarded under our new license. This development will be crucial in enhancing our competitive position in the region," comments Omar Arnaout, CEO of XTB.
The company is currently finalizing operational and technological developments to begin onboarding Chilean clients in the first half of the year. Through XTB's app, local investors will gain access to investing tools.
XTB plans to continue its Latin American expansion in 2025, with ongoing efforts to obtain necessary licenses in Brazil.
