XTB has suspended the opening of new accounts for residentsin Brazil following the termination of its partnership with Finvest DTVM Ltda.JoinIG, CMC, and Robinhood in London’s leading trading industry event!As reported by Finance Magnates last week, XTBbegan reconsidering its entry into Brazil less than a year after securingregulatory approval. The brokerage cited protectionist measures that havecomplicated the operating environment for foreign firms.XTB Pauses Account OpeningsThe brokerage will also deactivate the partnership websiteas it updates its operating model in the country.A notice on the website stated that the change would notaffect current clients, including the security of their funds or the quality ofservice. No timeline for resuming new account openings has been provided.This article was written by Tareq Sikder at www.financemagnates.com.