- XTB secures UK ISA license, set to offer tax-efficient savings products to UK investors.
Polish fintech firm XTB has made a major move into the UK retail investment market after securing an Individual Savings Account (ISA) license.
This allows XTB to offer tax-efficient savings products to British investors, tapping into a market worth a staggering £400 billion.
XTB, known primarily for its CFD (Contract for Difference) offerings, aims to launch its ISA products in autumn 2024. The company sees this expansion as a way to attract new customers and bolster its presence in the UK.
“We’re thrilled to offer ISAs to UK clients,” said Joshua Raymond, Managing Director at XTB UK. “This is a huge market with significant growth potential, and we’re confident our products will be well-received.”
ISAs are popular in the UK, allowing individuals to invest up to £20,000 annually without incurring capital gains or income tax.
