As part of the XTB 2024 plan, the brokerage will incorporate social trading into its service portfolio. The XTB Social accounts possess a cutting-edge feature through which users can follow the leading investors, check trade statistics and portfolios, and also enjoy personalized transaction alerts.
XTB’s conversation with The Finance Line
In a discussion with The Finance Line, XTB mentioned seeking a solution to meet social feature expectations while enabling users to track others’ investments.
XTB Social Trading Will Allow Investors To Follow The Best Performers
“We are proud of XTB Social’s new product development, which is considered a milestone in social trading.”, said XTB representative. On Saturday, XTB customers were given the functionality to transact in currency across multiple accounts.
The application of investment now has been integral with social functionality that allows users to follow top investors, monitor their investment activity, and share their investment activity with friends. In addition, the company plans to add bond trading to its platform in the current year.
Thanks to XTB Social, investors will be able to track current top traders and friendly users who invest through the broker, with access to their portfolios, trade history, and asset performance. Initially, this novel feature will be available solely in Poland, and subsequently, plans will be made to introduce it in different regions.
It’s Different From Copy Trading
At the recent The Finance Line interview, the marketing representatives of XTB introduced their latest social trading service, XTB Social. Like copy trading, social trading by XTB places greater emphasis on users’ statistics, their friends’ results, and transactions. The platform deviates from its competitors in this regard; it is focused only on getting a social experience.
XTB’s unconventional approach, supported by the ideas and technologies born from the minds of its staff members, distinguishes it from its competitors, who provide the same services as eToro. The Finance Magnates discussed the company’s freedom to focus on a specific service with a key aspect they highlighted. XTB has also achieved very good financial indicators for 2023, namely growth in the number of active clients to 311,971 – this is 51%, and earnings in the amount of PLN 791.3 million.