Polish broker XTB has secured regulatory approval to offer contracts for difference in Indonesia and plans to launch the product within weeks, CEO Omar Arnaout confirmed Thursday. The authorization expands XTB’s existing Indonesian operation, which had been limited to stocks and exchange-traded funds since the company acquired a ninety percent stake in Eagle Capital Futures in January 2024. Arnaout told Polish outlet Comparic that only minor operational tasks remain before the official rollout.
The CFD license arrives as XTB faces intensifying competition from Plus500, which acquired regulated broker Global Intra Berjangka in December, and Doo Financial, which secured futures and CFD permits last year. Indonesia initially underperformed XTB’s expectations with low deposits and weak brand awareness, prompting Arnaout to give the market a six-month proving period. CFDs generated ninety-six percent of XTB’s gross financial instrument revenue in the first half of 2026, making the Indonesian expansion critical to growth.
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FXnCO Insight
** Traders should monitor whether XTB’s CFD launch can generate meaningful deposit growth in Indonesia amid established competition from Plus500 and Doo Financial.
Source: Finance Magnates