---
title: "XTB Limited · Crypto-asset service provider (CySEC) · Cyprus | Elucidate"
description: "XTB Limited is authorised by Cyprus Securities and Exchange Commission (CySEC) as a crypto-asset service provider in Cyprus. Licence 259400HM2TR4U3LF5D43. LEI 259400HM2TR4U3LF5D43. Register status, licences, activities and ownership."
url: https://elucidate.co/directory/xtb-limited-57f068606598
---

1.  [Directory](https://elucidate.co/directory)
2.  [Cyprus](https://elucidate.co/directory/country/cy)
3.  XTB Limited

Cyprus · Crypto

# XTB Limited

XTB Limited is a private limited company incorporated in Cyprus and based in Limassol. The Cyprus Securities and Exchange Commission (CySEC) authorises it as a Cyprus Investment Firm under licence 169/12. Since 15 December 2025 it has also provided crypto-asset custody, execution and order transmission under a Markets in Crypto-Assets Regulation (MiCA) Article 60 notification registered with CySEC. XTB S.A., the Warsaw-listed parent of the XTB group, owns 100% of the firm, which offers CFDs, stocks, ETFs, options and spot crypto-assets to retail clients through the XTB app.

Register status

Licensed in Cyprus

Crypto-asset service provider · Cyprus Securities and Exchange Commission (CySEC)

Prudential licence

[1 licence or registration ↓](https://elucidate.co/directory/xtb-limited-57f068606598#licences)

BIC **No BIC** LEI **[259400HM2TR4U3LF5D43](https://search.gleif.org/#/record/259400HM2TR4U3LF5D43)** [Licence no. **259400HM2TR4U3LF5D43**](https://elucidate.co/directory/xtb-limited-57f068606598#licences) [Group: Xx Zw Investment Group S.A.](https://elucidate.co/directory/group/2221003FAHPGCABLOR59)

## Licences and registrations

Held by XTB Limited (LEI 259400HM2TR4U3LF5D43). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.

| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [ESMA interim MiCA register of crypto-asset service providers](https://elucidate.co/directory/register/esma-casp) Cyprus Securities and Exchange Commission (CySEC) | Crypto-asset service providerCrypto-Asset Service Provider | 259400HM2TR4U3LF5D43 | [Cyprus](https://elucidate.co/directory/country/cy) | Active | 2025-12-15 | — | - Crypto-assets | [Search the register ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) |

-   Each licence applies in the country of the regulator that granted it.
-   Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.

## Swift network

Swift’s ISO 9362 BIC directory

Holds no BIC in Swift’s directory.

Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.

## Overview

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xtb-limited-57f068606598#overview-sources)

Customers

2,900,000

customers · Group · 29 Sep 2026 · [company statement ↗](https://www.xtb.com/cy)

Employees

Not published

Ownership

Group subsidiary

100% XTB Spółka Akcyjna

Firm type

Investment or brokerage

Trades as XTB

- **Ownership:** XTB S.A., listed on the Warsaw Stock Exchange, owns 100% of the firm. The GLEIF record names XX ZW Investment Group S.A. as the ultimate parent, and the group says its founder, Jakub Zabłocki, is the majority shareholder of XX ZW Investment Group S.A.
- **Direct parent:** [XTB Spółka Akcyjna](https://elucidate.co/directory/x-trade-brokers-dom-maklerski-sa-tbdmplp1), Poland 100%
- **Ultimate owner:** XX ZW Investment Group S.A., Luxembourg
- **Major shareholder:** XTB S.A. 100%
- **Head office:** Pikioni 10, Building: Highsight Rentals Ltd, 3075 Limassol, Cyprus
- **Company register:** Cyprus Registrar of Companies HE 296794
- **Incorporated:** 14 Nov 2011

### Online

- **Websites & references:** [xtb.com ↗](https://www.xtb.com/cy) [xstation5.xtb.com ↗](https://xstation5.xtb.com/?branch=cy) web trading platform (xStation 5) [Wikipedia ↗](https://en.wikipedia.org/wiki/XTB_S.A.) group article
- **Official social accounts:** None found

Sources · 11 pages consulted

1.  [xtb.com/cy](https://www.xtb.com/cy)
2.  [xtb.com/cy/legal-information](https://www.xtb.com/cy/legal-information)
3.  [xtb.com/cy/crypto](https://www.xtb.com/cy/crypto)
4.  [xas-new-cdn.xtb.com/file/0104/80/d88ffc87-6276-41d5-a51a-003fce381b84/xtb-limited-basic-information-about-the](https://xas-new-cdn.xtb.com/file/0104/80/d88ffc87-6276-41d5-a51a-003fce381b84/xtb-limited-basic-information-about-the-company-september-2026.pdf)
5.  [xas-new-cdn.xtb.com/file/0104/80/85563133-7eb0-457d-b3ed-983ad1ca6f0b/xtb-ltd-terms-and-conditions-crypto-ass](https://xas-new-cdn.xtb.com/file/0104/80/85563133-7eb0-457d-b3ed-983ad1ca6f0b/xtb-ltd-terms-and-conditions-crypto-assets-september-2026.pdf)
6.  [xas-new-cdn.xtb.com/file/0104/58/c12de34c-70d8-4c3c-a539-8701bd30f7e7/xtb-disclosures-market-discipline-2025-](https://xas-new-cdn.xtb.com/file/0104/58/c12de34c-70d8-4c3c-a539-8701bd30f7e7/xtb-disclosures-market-discipline-2025-final-en-new.pdf)
7.  [esg.xtb.com/en/governance/](https://esg.xtb.com/en/governance/)
8.  [amf-france.org/en/warnings/white-lists/daspcasp/xtb-limited](https://www.amf-france.org/en/warnings/white-lists/daspcasp/xtb-limited)
9.  [marketscreener.com/news/xtb-s-a-secures-a-cyprus-authorisation-for-spot-crypto-trading-ce7d50ddda8efe25](https://www.marketscreener.com/news/xtb-s-a-secures-a-cyprus-authorisation-for-spot-crypto-trading-ce7d50ddda8efe25)
10.  [financemagnates.com/forex/brokers/xtb-uses-chile-as-testing-ground-again-launches-spot-crypto-with-46-assets/](https://www.financemagnates.com/forex/brokers/xtb-uses-chile-as-testing-ground-again-launches-spot-crypto-with-46-assets/)
11.  [fca.org.uk/news/warnings/xtb-limited-clone-fca-authorised-firm](https://www.fca.org.uk/news/warnings/xtb-limited-clone-fca-authorised-firm)

## Authorisation

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xtb-limited-57f068606598#overview-sources)

- **Operates under:** Its own licences

CySEC authorises the firm as a Cyprus Investment Firm under licence 169/12. The firm provides crypto-asset services under a MiCA Article 60 notification to CySEC, registered on 15 December 2025, and says it uses the Article 65 procedure to offer them in other EEA states. The French AMF lists it as a MiCA-authorised crypto-asset service provider serving France under the free provision of services.

| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Cyprus Securities and Exchange Commission (CySEC) Cyprus | Cyprus Investment Firm (CIF) licence | 169/12 | In its own name | Active | [cysec.gov.cy ↗](https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37686/) |
| Cyprus Securities and Exchange Commission (CySEC) Cyprus | Crypto-asset services under MiCA Article 60 notification (custody and administration, execution of orders, reception and transmission of orders) | 259400HM2TR4U3LF5D43 | Exemption | Active | [cysec.gov.cy ↗](https://www.cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-\(MiCAR\)/MiCAR-CASPs/Notification-\(Article-60\)/102289/) |

Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.

## Partners and safeguarding

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xtb-limited-57f068606598#overview-sources)

- **Safeguarding:** Segregated safeguarding accountsThe firm says it holds client money in segregated accounts at several EU credit institutions, separate from its own funds. As a member of the Investor Compensation Fund, it says retail clients are covered up to EUR 20,000. The firm states that crypto-assets are not covered by any compensation scheme. [xas-new-cdn.xtb.com ↗](https://xas-new-cdn.xtb.com/file/0104/80/d88ffc87-6276-41d5-a51a-003fce381b84/xtb-limited-basic-information-about-the-company-september-2026.pdf)
- **Crypto-asset custody:** Held by the firmThe firm holds clients' crypto-assets in a pooled wallet, separate from its own assets, and may use hot and cold wallets. It may hand custody to regulated third parties, but its terms do not name any. It executes orders through liquidity providers and does not allow transfers to or from external wallets. [xas-new-cdn.xtb.com ↗](https://xas-new-cdn.xtb.com/file/0104/80/85563133-7eb0-457d-b3ed-983ad1ca6f0b/xtb-ltd-terms-and-conditions-crypto-assets-september-2026.pdf)

Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.

## Products and markets

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xtb-limited-57f068606598#overview-sources)

-   Crypto trading
-   Crypto custody
-   FX conversion

The firm offers CFDs on forex, indices, commodities, shares and crypto-assets, plus stocks, ETFs, options and spot trading in more than 45 crypto-assets, all in the XTB app. Crypto trading runs in a closed loop: clients deposit and withdraw only fiat money.

The firm uses its MiFID passport to serve clients in the European Economic Area and the MiCA Article 65 notification procedure for crypto services. According to trade press, spot crypto trading launched first for clients in Cyprus in 2026.

- **Sells to:** Consumers
- **Serves customers in 4 countries:** Cyprus · France · Italy · Hungary

## Leadership

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xtb-limited-57f068606598#overview-sources)

- **Executive:** Georgia Georgiou Executive Director Confirmed 31 Dec 2025 · [xas-new-cdn.xtb.com ↗](https://xas-new-cdn.xtb.com/file/0104/58/c12de34c-70d8-4c3c-a539-8701bd30f7e7/xtb-disclosures-market-discipline-2025-final-en-new.pdf)
- **Executive:** Theocharis Panayi Executive Director Confirmed 31 Dec 2025 · [xas-new-cdn.xtb.com ↗](https://xas-new-cdn.xtb.com/file/0104/58/c12de34c-70d8-4c3c-a539-8701bd30f7e7/xtb-disclosures-market-discipline-2025-final-en-new.pdf)
- **Executive:** Nikolas Gavriel Non-Executive Director Confirmed 31 Dec 2025 · [xas-new-cdn.xtb.com ↗](https://xas-new-cdn.xtb.com/file/0104/58/c12de34c-70d8-4c3c-a539-8701bd30f7e7/xtb-disclosures-market-discipline-2025-final-en-new.pdf)
- **Executive:** Maria Papachristoforou Non-Executive Director Confirmed 31 Dec 2025 · [xas-new-cdn.xtb.com ↗](https://xas-new-cdn.xtb.com/file/0104/58/c12de34c-70d8-4c3c-a539-8701bd30f7e7/xtb-disclosures-market-discipline-2025-final-en-new.pdf)

## Recent events

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xtb-limited-57f068606598#overview-sources)

1.  Dec 2025

    Licence

    CySEC registered the firm's MiCA Article 60 notification on 15 December 2025, allowing crypto-asset custody, execution and order transmission.

    [xas-new-cdn.xtb.com ↗](https://xas-new-cdn.xtb.com/file/0104/80/d88ffc87-6276-41d5-a51a-003fce381b84/xtb-limited-basic-information-about-the-company-september-2026.pdf)

Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.

## Regulator warnings

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xtb-limited-57f068606598#overview-sources)

1.  Undated

    Impersonation Financial Conduct Authority (FCA), United Kingdom

    The FCA warned that an unauthorised firm calling itself XTB Limited was posing as the group's FCA-authorised UK sister company to target people in the UK.

    [fca.org.uk ↗](https://www.fca.org.uk/news/warnings/xtb-limited-clone-fca-authorised-firm)

Entries on regulators’ consumer-warning lists that name the firm or its brand. An impersonation warning is about fraudsters posing as the firm, not about the firm itself.

## Identifiers

- **Licence no. · ESMA-CASP:** 259400HM2TR4U3LF5D43
- **BIC:** Holds no BIC in Swift’s directory
- **LEI:** [259400HM2TR4U3LF5D43 ↗](https://search.gleif.org/#/record/259400HM2TR4U3LF5D43)
- **How the LEI was matched:** Published by the register
- **Elucidate firm ID:** 57f068606598

## Profile

- **Type:** Crypto
- **Regulation:** Prudential licence
- **Main licence class:** Crypto-Asset Service Provider
- **Activities:** - Crypto-assets
- **Licensed in:** [Cyprus](https://elucidate.co/directory/country/cy) · Europe & Central Asia
- **First registered:** 2025-12-15
- **Website:** [www.xtb.com/cy ↗](https://www.xtb.com/cy)

Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.

## Ownership and group

GLEIF relationship records

- **Direct parent:** [Xtb Spółka Akcyjna](https://elucidate.co/directory/x-trade-brokers-dom-maklerski-sa-tbdmplp1) · Poland[259400AVUPSABLEXNT19 ↗](https://search.gleif.org/#/record/259400AVUPSABLEXNT19)
- **Ultimate parent:** Xx Zw Investment Group S.A. · Luxembourg[2221003FAHPGCABLOR59 ↗](https://search.gleif.org/#/record/2221003FAHPGCABLOR59)

The Xx Zw Investment Group S.A. group has 6 institutions in the directory, in 6 countries: 5 hold a BIC and 1 does not.

Including [X- Trade Brokers Dm S.A. Sucursal En Espana](https://elucidate.co/directory/x-trade-brokers-dm-s-a-sucursal-en-espana-tbesesm1), [X- Trade Brokers Dm S.A., Organizacna Zlozka](https://elucidate.co/directory/x-trade-brokers-dm-s-a-organizacna-zlozka-tbrdskb1), [X- Trade Brokers Dom Maklerski Spolka Akcyjna, Organizacni Slozka](https://elucidate.co/directory/x-trade-brokers-dom-maklerski-spolka-akcyjna-organizacni-slozka-trbdczp1), [X-Trade Brokers D.M. S.A.](https://elucidate.co/directory/x-trade-brokers-d-m-s-a-tbptptp1), [X-Trade Brokers Dom Maklerski SA](https://elucidate.co/directory/x-trade-brokers-dom-maklerski-sa-tbdmplp1).

[See the Xx Zw Investment Group S.A. group →](https://elucidate.co/directory/group/2221003FAHPGCABLOR59)

Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.

## Addresses

- **Address on the register:** Pikioni, 10 HIGHSIGHT RENTALS LTD, 3075, Limassol
- **Country:** Cyprus

## ISO 20022 identification

As an agent in a Swift cross-border payment message (CBPR+)

This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.

- **Identified by:** Name and postal address, with its LEI
- **Postal address:** Incomplete: no town published
-   The register publishes no town as a separate field. A CBPR+ postal address needs at least a town name (TwnNm) and a country (Ctry).

The LEI record in GLEIF holds a structured legal address.

CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.

The values are as published by the register. Check them against your own records before use.

## Related institutions

### Same group

-   [X-Trade Brokers Dom Maklerski SA BIC TBDMPLP1 Financial institution Not on a tracked register Poland · Not on a tracked register · LEI 259400AVUPSABLEXNT19](https://elucidate.co/directory/x-trade-brokers-dom-maklerski-sa-tbdmplp1)

[All 6 institutions in the Xx Zw Investment Group S.A. group →](https://elucidate.co/directory/group/2221003FAHPGCABLOR59)

### Other crypto institutions in Cyprus

-   [Aquilla Nummus Ltd No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 549300ZCGZNVDA6R3Y84 (ESMA-CASP) · LEI 549300ZCGZNVDA6R3Y84](https://elucidate.co/directory/aquilla-nummus-ltd-d5e0bbd90a9a)
-   [Brilliantscope Trading Limited · trading as tothemoon No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 9845009846V10FGD4840 (ESMA-CASP) · LEI 9845009846V10FGD4840](https://elucidate.co/directory/brilliantscope-trading-limited-f2c5ee953238)
-   [Capital Vault LTD · trading as capital.com No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 984500C46B3B7B69Y904 (ESMA-CASP) · LEI 984500C46B3B7B69Y904](https://elucidate.co/directory/capital-vault-ltd-7d1865a71f84)
-   [Cloverum Finance (CY) Limited · trading as Cloverum No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 213800IWLH982X74LO71 (ESMA-CASP) · LEI 213800IWLH982X74LO71](https://elucidate.co/directory/cloverum-finance-cy-limited-286f7f6ec3c1)
-   [Collect & Exchange CY LTD No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 2138005C815T9EZU4C75 (ESMA-CASP) · LEI 2138005C815T9EZU4C75](https://elucidate.co/directory/collect-and-exchange-cy-ltd-76863a49256d)
-   [Complycrypto Depository EU Limited No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 254900J8O1555O3B2T92 (ESMA-CASP) · LEI 254900J8O1555O3B2T92](https://elucidate.co/directory/complycrypto-depository-eu-limited-86c1b8ba2235)
-   [eToro (Europe) Ltd · trading as e Toro No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 213800GIFQMSV7HROS23 (ESMA-CASP) · LEI 213800GIFQMSV7HROS23](https://elucidate.co/directory/etoro-europe-ltd-2871bd36a88e)
-   [J2TX Ltd No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 213800186TP6OZSHUV17 (ESMA-CASP) · LEI 213800186TP6OZSHUV17](https://elucidate.co/directory/j2tx-ltd-e4df5dd88c65)

[See all →](https://elucidate.co/directory/search?type=crypto&cc=CY) [Other entries on ESMA-CASP →](https://elucidate.co/directory/register/esma-casp)

Sources & method

Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.

An institution missing from these registers is not necessarily unregulated.

Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.

An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.

[Read the methodology →](https://elucidate.co/directory/methodology)

Register for this page

-   **ESMA interim MiCA register of crypto-asset service providers**—European Securities and Markets Authority (ESMA) · [source ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) as at 25 September 2026
-   **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
-   **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.

## Assess the financial crime risk behind a licence

A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions.

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Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.