XTB expanded American-style options to France, Portugal, Czech Republic and Slovakia, linking the launch to xStation, TradingView, Q1 growth and pending KNF approval in Poland.
XTB Expands Options Services to Four European Markets
On May 26, 2026, the options business expansion of Warsaw-listed brokerXTBentered a new stage. According to a report published by Finance Magnates on May 26, 2026, and public information disclosed by XTB between May 25 and May 26, 2026, the company has expanded its American-style options services to France, Portugal, the Czech Republic and Slovakia.
After this expansion, the number of European markets covered by XTB’s options products has increased to seven. Cyprus, Germany and Spain had already launched earlier in 2026, while France, Portugal, the Czech Republic and Slovakia became the latest newly added markets. The product covers underlying instruments related to 110 US-listed stocks andETFs and is available to eligible local clients.
Poland is still not included in the launch list. XTB is headquartered in Poland, and Polish clients hold an important position in its client structure. However, the company still needs to wait for approval from the Polish Financial Supervision Authority,KNF, before it can launch this type of options product in its home market.
France, Portugal, the Czech Republic and Slovakia Included in the Latest Batch
From the timeline perspective, XTB’s options business expansion is not a single-market launch, but a phased entry into European markets. In January 2026, the product was first launched in Cyprus. After March 31, 2026, the German and Spanish branches also began offering the relevant services. By May 2026, coverage had further expanded to four new markets.
XTB had already signaled its expansion intentions. The company’s CEO, Omar Arnaout, said in April 2026 that after Germany and Spain went live, the company would. The latest launch in four countries has moved that statement into the execution stage.
The newly added markets include both Western Europe and Central and Eastern Europe. France and Portugal are part of the Western and Southern European retail investment markets, while the Czech Republic and Slovakia are important regions where XTB has tested non-CFD products over the past several years. For XTB, this batch of expansion both continues its existing client base and supplements its brand investment in the French market.
| Time | Market | Main Progress | Information Source |
|---|---|---|---|
| January 2026 | Cyprus | American-style stock options first launched under the Cyprus regulatory framework | XTB public information, January 2026 |
| After March 31, 2026 | Germany, Spain | Options services expanded to the German and Spanish branches | XTB Help Center, updated on March 30, 2026 |
| May 25 to May 26, 2026 | France, Portugal, Czech Republic, Slovakia | Four new European markets added, increasing coverage to seven markets | Finance Magnates, May 26, 2026 |
| As of May 26, 2026 | Poland | Domestic clients are still waiting for access after KNF approval | Finance Magnates, May 26, 2026 |
Product Structure Uses a Buy-Only Model
According to XTB’s public explanation, the company provides American-style stock options. American-style options allow holders to exercise before expiration. Options on the XTB platform are cash-settled and do not involve physical delivery of the underlying shares. This type of product differs from ordinary stock trading and fromCFDtrading. Its price is affected by factors such as the underlying asset price, strike price, remaining term and volatility.
The report shows that XTB’s current design focuses on reducing additional risks that retail clients may face from complex derivatives trading. Clients can buy options, including some same-day expiry contracts, but cannot sell options. Compared with full trading permissions that allow option selling, this structure limits the ways clients can generate returns while also reducing the possibility of unlimited or substantial additional risk.
XTB has also integrated options products with the xStation platform and TradingView charting functions. The company said clients can configure indicators, observe prices and place orders within the chart environment. TradingView web functionality was enabled at the same time as the options market launch, reflecting XTB’s intention to embed options products into its existing trading interface rather than launching them as an isolated standalone product.
France Becomes the Focus of This Expansion Round
Among the four newly added markets, France has attracted the most attention. Since launching the tax-advantagedPEAaccount in France in April 2025, XTB has continued to increase its local marketing investment. France has a large number of long-term investment accounts, while the scale of retail clients actively trading CFDs is relatively limited. This makes XTB’s product portfolio in France more focused on stocks, ETFs, long-term investment accounts and the newly launched options tools.
Reports show that by the end of 2025, XTB’s client base in France had grown by 50% year on year. In March 2026, the company also signed a sponsorship agreement with Paris La Défense Arena to expand brand exposure. After the options product launch, French clients can form a broader product selection across stocks, ETFs, PEA and options.
The French market is seen as an important region for XTB’s transition from a trading-oriented broker to a comprehensive investment platform.
Portugal, the Czech Republic and Slovakia are core markets where XTB has tested non-CFD products over the past three years.
The new product launch is being advanced alongside client growth, sports sponsorships and platform function upgrades in the European market.
Expansion Comes After Record First-Quarter Performance
This options expansion corresponds with XTB’s latest performance. According to the company’s first-quarter report and related coverage, XTB recorded net profit of PLN 535 million in the first quarter of 2026, up 176% year on year, while operating revenue reached PLN 1.09 billion. The company added approximately 370,041 new clients in the first quarter, and active clients reached about 1.27 million.
Strong performance growth provided the foundation for XTB to expand its product line. In May 2026, the company’s number of Polish accounts exceeded 1 million, and it launched a PLN 10.66 million share buyback plan. Its share price was close to PLN 110 around May 26, 2026, below the historical high formed when options products were launched in Germany and Spain in April 2026.
From the sequence of events, XTB is turning its strong quarterly performance into a product expansion rhythm. Options services are not an isolated new business, but a further move by the company to broaden revenue sources after stocks, ETFs, investment plans, multi-currency wallets and other non-CFD tools.
The Polish Market Still Requires Regulatory Clearance
Although XTB is promoting options services across multiple European countries, the Polish market remains in a waiting state. Poland is XTB’s home base and one of the company’s important sources of clients. Since options are complex financial instruments, XTB must obtain domestic regulatory approval before opening them to Polish clients.
A similar situation has also appeared in the crypto asset business. XTB’s plan to launch spot cryptocurrency trading in Poland is still affected by the country’s legislative progress related to theMiCAframework. Regulatory approval timelines have therefore become an unavoidable variable when XTB promotes new products in its domestic market.
The company first launches new products in markets where conditional permission has been obtained or where testing is suitable.
It then expands coverage based on client feedback, regulatory requirements and platform capabilities.
The domestic Polish market remains outside the options launch list due to approval requirements.
Questions About XTB’s Options Expansion
Which options service markets did XTB add this time?
In May 2026, XTB added options services in France, Portugal, the Czech Republic and Slovakia. Together with Cyprus, Germany and Spain, which had already launched earlier, coverage increased to seven markets.
Why can Polish clients not use XTB options products for now?
Polish clients still need to wait for approval from the Polish Financial Supervision Authority, KNF. XTB is headquartered in Poland, but complex financial products still need to meet local regulatory requirements before being launched domestically.
What are the basic features of the American-style options offered by XTB?
American-style options can generally be exercised before expiration. XTB’s public explanation shows that options on its platform are cash-settled, meaning clients do not need to take physical delivery of the underlying shares.
How is this expansion related to XTB’s first-quarter performance?
XTB recorded historically high performance in the first quarter of 2026, with significant growth in net profit and operating revenue. The product expansion occurred after this performance cycle, showing that the company is using client growth and revenue growth to expand product coverage in Europe.
