XTB Posts Record Q1 2026: Revenue Up 79% to $301M

Commodity CFDs accounted for 88% of XTB's Q1 revenue, up from roughly 60% in prior quarters. The driver is clear: Brent crude surged past $125 on the Strait of Hormuz crisis, gold traded above $4,700, and silver topped $75. Retail traders flocked to commodity exposure through CFDs — and XTB was a primary beneficiary.

Client growth was equally strong. Active clients rose 72% year-on-year to 1.27 million, driven by XTB's aggressive marketing spend in Western Europe (Germany, Spain, France) and Central Europe (Poland, Czech Republic). The broker's zero-commission stock offering continues to attract new accounts, even though CFDs generate the bulk of revenue.

Profitability per $1 million traded doubled to $216 — a function of wider commodity spreads during peak volatility. This metric is the clearest indicator that the revenue surge was volatility-driven, not just volume-driven.

XTB's result fits a broader pattern. Several brokers have reported strong Q1 numbers driven by commodity volatility:

• Exness — monthly volume consistently above $4 trillion, record $4.5 trillion in early 2026
• Capital.com — $1.27 trillion Q1 volume (+11.2% QoQ), 52% from MENA commodity traders
• Plus500 — Q1 revenue up 18% to $242M
• Hantec Markets — $1.2T record Q1 volume, 83% from non-FX (gold, oil)

The common thread: the Iran-Hormuz conflict and UAE's OPEC exit created a commodity trading supercycle that lifted every broker with meaningful commodity CFD exposure.

XTB is regulated by KNF (Poland), BaFin (Germany), FCA (UK), CySEC (Cyprus), and CNMV (Spain) — one of the most broadly regulated brokers in Europe. The strong Q1 result confirms the broker's financial stability and growth trajectory.

For traders, the key takeaway is that commodity-focused strategies dominated Q1 returns. If you were trading EUR/USD during a quarter where oil went from $90 to $125, you were in the wrong asset class. The brokers that profited most were the ones with deep commodity CFD offerings — gold, oil, silver, natural gas.

XTB offers competitive commodity CFD spreads with zero-commission stock trading as an add-on. Its xStation 5 platform includes built-in sentiment tools and a market scanner optimised for volatile conditions.