The year in which the Company celebrated its 20th anniversary was a challenging one for the global forex and CFD industry following the extreme volatility seen in the markets in 2020 due to the COVID-19 pandemic and the company reported group revenues of £30m and profit before tax of £4m. Although this was a drop from the stellar (and exceptional) 2020 results, this is a strong performance given the difficulties seen in the markets during the year.
Market recovery continues at pace and the company is delighted to announce that 2022 has seen turnover and profit for the first half of the year exceed expectations with H1 results even better than at this stage in 2020, with estimated revenues of £32m (already higher than whole of 2021) and profit before tax of £19m.
The Company has also seen an influx of new clients as well as a noticeable increase in trading volumes from existing clients and despite socio-economic turbulence, the year is shaping up to be very positive for the broker.
Recently ActivTrades in-house trading platform ActivTrader has been enhanced with the highly requested Trading View integration, offering desktop, Android, and iOS users a number of advantageous chart functionalities and indicators, and to accommodate the growing increase in global retail FX trading, ActivTrades will continue to seek to establish offices around the world.
“We are delighted that the business continues to grow and develop, demonstrated by these excellent half year results which we attribute to our growing client base, increased trading volumes and continued development of our platforms,” said Alex Pusco, ActivTrades CEO. “Our continuous investment in new technologies and top talent, providing our customers with the best possible trading conditions, is what makes ActivTrades the number one choice for many traders around the world.”
About ActivTrades
ActivTrades is an award-winning, multi-asset global forex broker founded in 2001, offering a wide range of financial products including over 1000 CFD and Spread Betting instruments across Forex, Indices, Shares, Commodities, Financials, and ETFs.
Headquartered in the heart of London together with offices in Milan, Nassau, Sofia, and Luxembourg, the company delivers exceptional trading conditions and outstanding support to our loyal customers in more than 140 countries.
The brokerage offers the worlds most popular trading platform: MetaTrader, enhanced with Smart Tools developed exclusively for our customers as well as our own ActivTrader – an intuitive and fully-featured platform designed for all levels of trading experience and available on desktop, smartphone, and tablet.
ActivTrades is regulated by the UKs Financial Conduct Authority (FCA), Commission de Surveillance du Secteur Financier (CSSF), and Securities Commission of The Bahamas (SCB).
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