XTB has recently supported both the UAE National Boxing Team and the Polish team at the Economics Olympiad in Greece. Though financial specifics of these partnerships remain confidential, the sponsorships underscore XTB’s growing commitment to sports and educational development across multiple regions.
Supporting UAE Sports Development
In the UAE, XTB MENA has partnered with the UAE Boxing Federation to sponsor the national boxing team, its coaches, and various events. This marks an important step in XTB MENA’s aim to encourage athletic development in the country, although further details on the sponsorship and future initiatives have yet to be revealed. The move is part of the company’s broader mission to support local sporting talent.
Backing Young Economists on a Global Stage
XTB also announced its sponsorship of the Polish team participating in the Economics Olympiad, held in Greece. Five Polish representatives are competing alongside participants from 33 countries at the iconic Olympic Stadium in Olympia. The competition involves both theoretical and practical challenges, judged by a panel of esteemed economics professors.
New Services and Features for Investors in the UAE
Beyond sponsorships, XTB continues to expand its financial offerings in the UAE. Following successful launches across Europe, XTB introduced its Investment Plans service, allowing passive investors to create diversified portfolios with exchange-traded funds (ETFs). Starting with investments as low as $15, the service offers automated allocation based on the investor’s risk profile, with access to up to 9 ETFs covering various asset classes and geographies.
XTB’s Investment Plans feature recurring deposits and are available through their mobile apps, with no account fees or commissions. This follows the company’s recent expansion in the MENA region, which initially focused on FX/CFD instruments before growing to include cryptocurrencies, stocks, and now diversified investment portfolios.
Global Security and Future Initiatives
In addition to its sponsorships and new services, XTB has implemented two-factor authentication (2FA) in Poland, with plans to extend this security measure globally. This is part of the company’s broader strategy for 2024, which also includes the introduction of a multi-currency card and a virtual wallet, aiming to enhance both security and convenience for its global clientele.
