XTB MENA Expands Influence with Key Sports Partnerships

XTB MENA has recently solidified its commitment to the sports and economic sectors through key partnerships and new service offerings. The firm has joined forces with the UAE Boxing Federation to support the UAE National Boxing team, its coaches, and upcoming events. This partnership marks XTB MENAs active involvement in promoting athletic development in the region, though specific details about the level of support and future initiatives have not been disclosed.

In a separate but related development, XTB has also secured a sponsorship agreement with Poland‘s young economists’ team, who are representing the country in the Economics Olympiad in Greece. This competition, held at the historic Olympic Stadium in Olympia, features five Polish representatives competing against participants from 33 other countries. The event, judged by a panel of esteemed economics professors, tests the participants theoretical knowledge and practical skills over several days.

Beyond these sponsorships, XTB continues to expand its financial services. The company recently introduced a new service called Investment Plans in the UAE, following successful launches in Europe. This service is designed for passive investors, allowing them to build diversified portfolios through exchange-traded funds (ETFs). Investment Plans offer pre-made portfolios that automatically allocate assets based on the investor's risk preferences, with a minimum investment starting at just $15. Investors can choose to diversify across up to nine ETFs, spanning various assets and geographies.

The service also features a recurring deposit option and is available through XTB's mobile apps, with no commissions or account fees. The Investment Plans include an “auto-investing” feature that facilitates fixed-amount contributions, adding convenience for users looking to grow their portfolios steadily over time.

XTB MENA has been expanding its offerings since it began operations in the MENA region in October 2021. Initially focused on FX/CFD instruments, the company has since broadened its portfolio to include cryptocurrencies and, more recently, stocks in 2023. The introduction of Investment Plans marks another step in XTBs mission to provide comprehensive investment solutions tailored to a variety of investor needs.

In addition to these financial services, XTB is enhancing its security protocols by rolling out two-factor authentication, starting in Poland and eventually expanding globally. This initiative is part of the company‘s broader 2024 strategy, which also includes plans to launch a multi-currency card and virtual wallet. These developments reflect XTB’s ongoing efforts to innovate and provide secure, user-friendly services to its global client base.