Greetings, dear friends!
We are delighted to introduce yet another engaging article from our captivating series, the Forex/CFD Industry Employers Review. It's important to note that these articles are not promotional pieces or paid endorsements. Our mission is to gather information from trustworthy sources and offer an impartial evaluation of each employer, contributing to an unbiased and comprehensive repository of insightful reviews within the Forex/CFD industry.
Our journey takes us into the realm of XTB, the Rabbit in a Hat!
XTB
Today, we delve into the intriguing world of XTB, a company steeped in a long and illustrious history within our industry.
XTB stands as a prominent European brokerage house, regulated by the Financial Supervision Commission, with its headquarters nestled in the vibrant hearts of Warsaw and London.
The company specialises in facilitating access to the financial markets, offering a diverse array of contract-for-difference (CFD) products encompassing forex, stocks, and commodities, catering to both institutional and retail traders.
Established in 2002, XTB embarked on its journey with a noble mission: to furnish clients with cutting-edge technological solutions while embodying the pinnacle of transparency within the brokerage arena. Fueled by robust technology and lightning-fast execution speeds, XTB opens the gateway to over 700 global markets, presenting a multitude of asset classes for traders to explore from every corner of the globe.
Today, XTB proudly ranks among the fastest-growing Forex brokers worldwide. Its global team, comprising more than 350 passionate individuals, shares a profound enthusiasm for the financial markets and boasts a wealth of experience in delivering world-class trading services.
In 2015, XTB marked a significant milestone by inaugurating a new headquarters within London's iconic One Canada Square, situated in the prestigious Canary Wharf district. XTB Limited, representing the company in the UK, bears the hallmark of X-Trade Brokers DM and holds authorization and regulation by the Financial Supervision Authority, in addition to KNF, BaFin, and CMB oversight.
For nearly two decades, XTB has held its position as one of the world's largest stock exchange-listed FX & CFD brokers, offering retail traders instant access to an extensive array of global markets. With a presence spanning more than 13 countries, including the UK, Poland, Germany, France, and Chile, XTB has established a strong foothold in its main regions of operation, encompassing 12 European countries and Chile.
XTB's main offices are located in two countries: the UK and Poland. The company was founded in Poland, specifically in Warsaw, where its main office was situated for a long time. However, after some time, the company's top management moved to London, leading to the opening of the main office in London. Currently, the largest XTB office is located in Poland.
The remarkable growth of the company is not only evident in its expanding workforce but also strikingly reflected in its financial performance. Over the past four years, the company has experienced a substantial increase in its market valuation. Specifically, its share price on the Warsaw Financial Exchange has soared impressively, showcasing a staggering 600 percent growth. This surge in share value, paralleled by steady employee growth, underscores the company's robust financial health and its promising trajectory in the competitive market landscape.
Website https://www.xtb.com/en
Company size 1,001-5,000 employee (856 on LinkedIn)
Headquarters Warsaw, Poland & London, UK
XTB, a renowned financial services company, has carved out a unique niche on LinkedIn, albeit with an approach that presents both strengths and challenges. The company’s decision to conduct its LinkedIn presence predominantly in Polish is a strategic choice, reflecting its core market focus. However, this language choice potentially limits its reach to a broader, international talent pool. According to analytics, we can see a steady increase in the number of employees.
Content Frequency and Quality
XTB maintains an active presence on LinkedIn, with an average of two posts per week. The content is diverse, encompassing business insights, employee testimonials, announcements of webinars for clients, and news about participation in exhibitions and conferences. They also highlight internal events for staff, showcasing a well-rounded glimpse into the company's operations and culture.
Employee Engagement
Employee engagement appears to be a focal point for XTB on LinkedIn. The company frequently publishes employee testimonials, shares glimpses into office life, and highlights employees' experiences both at work and in social settings. This approach not only boosts employee morale but also portrays XTB as a company that values its workforce beyond professional contributions.
Job Postings and Career Growth
While LinkedIn serves as a platform for XTB to post job vacancies, it's not their primary recruitment tool. The positions advertised on LinkedIn are typically for markets outside Europe or for high-level executive roles, suggesting that local vacancies, especially in Poland, might be listed on local job portals. This strategy might be aligned with their language choice on LinkedIn, targeting a specific segment of the job market.
Audience Interaction
XTB's LinkedIn page receives a significant number of likes and reactions, indicating a high level of audience engagement. While comments are less frequent, the company makes it a point to respond, fostering a sense of community and interaction.
Brand Consistency
XTB’s LinkedIn strategy aligns with its broader branding goals. The platform is used not so much to promote its services to clients but to enhance its image as an attractive employer. This approach mirrors the general perception of the company, reinforcing its brand values and employer branding.
Transparency and Updates
The company is transparent in its updates, sharing news about new partnerships (like the recent collaboration with Google), achievements, and participation in industry events. This openness not only informs but also builds trust with its LinkedIn audience.
In conclusion, XTB’s LinkedIn strategy, focused primarily on employer branding and employee engagement, is a testament to its commitment to its workforce and its understanding of the platform’s strengths. However, there remains untapped potential in terms of language inclusivity and innovative feature utilization, which could further elevate their presence and appeal to a global audience.
Let us now turn our gaze to the magical realm of Glassdoor!
Glassdoor
Number of reviews 85
Rating on the site 3,9/5,0
Glassdoor, a platform of anonymous employee feedback, offers a revealing glimpse into the working environment at XTB. With an impressive overall rating of 3.9 out of 5, it reflects the underlying positive sentiment among the staff. Notably, a substantial 76% of the employees would enthusiastically recommend XTB as a workplace to their peers, showcasing a highly satisfying and enjoyable employee experience. Furthermore, an overwhelming 92% of the workforce express approval of the CEO, a notable achievement that stands out as the highest among all firms in the sector. This exceptional CEO approval rate deserves particular emphasis.
The survey also reveals that 67% of respondents have a positive outlook on the business's future, indicating optimism and confidence in the company’s direction.
Regarding the trend over time, it’s somewhat fluctuating. Over a two-year period, there have been two notable dips in ratings, occurring approximately annually. These declines could be attributed to various factors, such as end-of-year announcements regarding the absence of annual bonuses, or other decisions that may have caused employee dissatisfaction. However, the absence of a consistent downward trend suggests that these instances of employee discontent are isolated rather than indicative of a persistent issue.
Allow us to share a couple of reviews that have caught our eye, shedding light on the enchanted experiences within XTB..
With a mix of reviews ranging from highly positive to critical, it's clear that experiences at XTB can vary. For instance, a former Sales Manager rated the company at a perfect 5.0, praising the friendly and professional atmosphere, especially in the forex space. This kind of feedback highlights a strong company culture that fosters camaraderie and professional excellence. However, the same reviewer suggested that XTB could benefit from offering more personalized training for its staff, indicating room for improvement in employee development.
On the other hand, a current Global Customer Support employee provided a more critical perspective. While they acknowledged the company's use of high-tech resources, they pointed out concerns like low salaries, lack of benefits, and a high-pressure work environment. These are significant issues that suggest some employees might feel underappreciated and overburdened. The advice for more frequent and deserved promotions and better employee recognition further emphasizes the need for XTB to focus on improving its compensation and work-life balance.
What's noteworthy is that XTB is among the few organizations that actively respond to reviews on Glassdoor. This approach demonstrates their commitment to employee feedback and continuous improvement. By engaging with these reviews, XTB shows a willingness to address concerns and capitalize on strengths, indicating a dynamic approach to managing its workforce and maintaining a desirable workplace. The diverse range of reviews, from praises for a friendly and professional environment to calls for better compensation and recognition, paints a picture of a company that, while having areas to improve, is attentive and responsive to its employees' needs and experiences.
Where to look for company vacancies?
To embark on your journey through XTB's enchanted forest and explore the mystique of its career opportunities, you can seek the company's contact details, including a phone number and email address, on its main website.
While the website itself does not feature a dedicated section for job vacancies, the company channels its magic through its LinkedIn page and Career website. However, this website is only in Polish.
Note: You can set alerts for new vacancies!
*We hope our mystical journey through XM's Rabbit in a Hat has provided you with insights into the magical realm of this esteemed employer. If you wish to enhance your own powers and seek the assistance of our team to strengthen your resume, introduce you to the employer, and prepare for the job interview, you can write to us by email at jk@finwizard.org. May your path be illuminated with success and enchantment as you navigate the ever-changing landscapes of the Forex/CFD industry.