XTB expands its options offer to France, Portugal, the Czech Republic, and Slovakia

XTB has expanded its options offering to France, Portugal, the Czech Republic, and Slovakia, less than two months after launching the product in Germany and Spain, even though clients in its home market of Poland still lack access pending regulatory approval.

The Warsaw-listed broker now offers US-style options on 110 US-listed stocks and exchange-traded funds (ETFs) in seven European markets, the company announced yesterday (Monday). Cyprus, Germany, and Spain were added earlier this year, with the four new countries being added in the latest wave.

Four new markets added following XTB's April expansion into Germany and Spain

This latest rollout follows a commitment made by XTB CEO Omar Arnaout, who stated in April that the broker would "continue to expand its options offering to other European markets in the coming months," after the launch in Germany and Spain propelled the company's stock to record highs.

The January launch in Cyprus was a first under CySEC supervision, with a limited product range.

XTB indicated that the options product is paired with TradingView-powered charts on its xStation platform, offering traders configurable charts, indicators, and the ability to place orders directly from the graphical interface. The web version of TradingView is only enabled in the markets where the options have been launched, the company clarified.

The contract design mirrors previous launches. Clients can buy options, including same-day expiry contracts on certain underlying assets, but cannot sell them. This "buy-only" structure caps revenue but limits the risk of loss for retail traders who may be new to derivatives.

France, the most significant addition

Of the four new markets, France stands out. XTB has been dedicating substantial marketing budgets to the country since the launch, in April 2025, of tax-advantaged PEA accounts, targeting over 6.9 million existing long-term investment accounts in a market where fewer than 30,000 retail clients actively trade CFDs.

This push has accelerated this year. XTB's French customer base grew by 50% year-on-year at the end of 2025, and in March, the company signed a sponsorship agreement with the Paris La Defense Arena, representing its largest brand-building investment in the country to date.

Options offer brokers an additional product to offer this audience, alongside stocks, ETFs, and PEA accounts.

The Czech Republic, Slovakia, and Portugal are the main historical markets where XTB has tested most of its non-CFD product launches over the past three years, including fractional shares, ETF investment plans, and a mobile multi-currency portfolio.

Competitors are engaged in a fierce race to capture European demand for options.

XTB is entering a segment already saturated with larger and more established players.

Interactive Brokers and Saxo Bank have been offering a full range of options to their European clients for years, while the IG Group opened a waiting list in the UK last year for options under its tastytrade brand and recently extended its traditional options offering to Japanese corporate accounts.

US platforms such as Robinhood and tastytrade continue to set the standard in the retail sector.

Beyond options, the German neo-broker Trade Republic, which established a presence in Poland at the end of 2025, has focused its European strategy on providing retail customers with access to bonds, ETFs, and private equity rather than derivatives, while Robinhood has emphasized venture capital funds and crypto products on the continent.

Poland still waiting as the domestic market rollout is delayed.

Polish clients, who represent the largest share of XTB's customer base, are still unable to trade options. The company is awaiting approval from the Polish financial regulator, the KNF, before offering this product in the domestic market.

Filip Kaczmarzyk, a member of the board of directors, first mentioned this limited-purchase model in October 2025 as a deliberate first step that the broker intended to expand over time.

XTB's plans for spot cryptocurrency trading in Poland also remain stalled, pending the country's MiCA legislation.

About XTB

XTB Group is a leading provider of crypto CFDs alongside 2,100 forex, stock, index, commodity and ETF CFDs. The multi-regulated broker holds licenses with several trusted agencies, including the UK's Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC).

Clients can invest and speculate with up to 1:30 leverage and can use the broker's mobile trading alert service to gain market insight. XTB offers two real accounts, aimed at retail traders and professional investors.