XTB Eliminates Currency Exchange Fee For Multi-Currency Cards In Poland

XTB has removed the 0.5% currency exchange fee from its multi-currency cards, which will soon be available in Poland.

This change applies only to these cards, while the 0.5% exchange fee remains on the broker’s platform for foreign securities trading. The multi-currency cards let users pay with funds stored in virtual wallets holding RON, USD, CZK, EUR, HUF, GBP, and PLN.

All virtual wallet holders can exchange currencies without extra fees, limits, or conditions. These wallets are available to individuals with an XTB investment account.

XTB Expands Global Reach With New Licensing And Product Enhancements

The cards are issued through DiPocket UAB, an electronic money institution registered in Lithuania, and operate under a Mastercard license. Users can create virtual cards in the XTB app for free and link them to Google Pay or Apple Pay for mobile payments. Physical cards are not yet available.

The company reports that the product is becoming more popular, with positive feedback from users. It states that removing the currency conversion fee makes its offer the most cost-effective for widely used foreign currencies in Poland.

XTB is also working on improvements for virtual wallets, with plans to add more currencies and new features. Additionally, it has received a securities agent license from Chile’s Financial Market Commission (CMF), allowing it to offer Chilean investors access to international stocks, ETFs, and derivatives through its trading platform.

Serving over 1.36 million customers worldwide, XTB is expanding beyond Europe. Along with Chile, it is pursuing regulatory approvals in Brazil. The firm has been increasing its global presence, recently gaining approvals in Indonesia and the UAE to reach markets in Asia and the Middle East.

Described as a global fintech provider, XTB gives individual investors direct access to financial markets worldwide through an online investing platform and a mobile app. The company supports over 1.2 million customers in reaching their investment goals.

XTB Enhances Platform With New Investment Tools And Expands Global Workforce

XTB stated that it focused on improving its online platform, allowing customers to trade more than 6,300 instruments. These include stocks, ETFs, and CFDs based on currency pairs, commodities, indices, stocks, ETFs, and cryptocurrencies. It also introduced Investment Plans, explained as a long-term passive investing option that helps clients diversify their portfolios using ETFs.

In key markets, the company reported to offer interest rates on uninvested funds, letting investors earn returns even when they were not actively trading.

Its platform is also mentioned as a place for market analysis and investor education, featuring various learning materials, videos, webinars, and courses for traders of all experience levels.

Customer service is said to be available in 18 languages, providing support through email, chat, and phone. Over the years, the firm reportedly expanded its workforce to more than 1,000 employees.

Its headquarters are listed in Poland, with offices in multiple countries, including the Chile, Portugal, Slovakia, Dubai, Spain, France, Germany, Czech Republic, Romania, and the UK.