XTB Won Business Name Dispute against XTrade over Similar Trademarks

[kreslik.news]

Multi-regulated FX and CFDs brokerage XTrade was defeated last month in a legal fight over a disputed brand name in Poland, as the Polish FX brokerage XTB, whose shares are listed on the Warsaw Stock Exchange, filed a lawsuit claiming the name is too similar to its own trademarked name.

On March 15, the Warsaw Court of Appeal decided that XTrade is forbidden to use the following verbal and word markings: ‘XTB’, ‘X-Trade’ and ‘XTrade’. In addition, the court said that XTrade Europe Ltd is banned from using the sign xtrade.eu while providing or promoting its financial and brokerage services.