ActivTrades 2020 Revenue Doubles at £46.5 Million

ActivTrades PLC, an online broker offering contracts-for-differences (CFDs) and forex trading services, has revealed its annual financial report ending on December 31, 2020, showing a revenue of £46.5 million, which more than doubles compared to the £20.6 million in 2019.

Over the 12-month period, before taxes, the London-headquartered broker recorded a profit of £21.8 million, the highest level since its establishment two decades ago. In the previous year, ActivTrades reported a loss of £7.1 million.

The exceptional performance the company delivered in 2020 was driven by both a jump in trading volumes among its existing customers and a rush of new traders. Especially in March and April when the entire financial market saw extreme volatility due to the COVID pandemic, ActivTrades saw a surge in trading activities. As a result, the online broker recorded a revenue of £30.9 million in the first half of the year, and 31 percent YoY jump in the number of new customers with funded accounts, 9 percent in the number of active clients.

Alex Pusco, CEO of ActivTrades, said: "We are extremely pleased with this strong set of results and grateful to our growing number of clients for choosing us as their trusted brokerage. Providing excellent customer service and developing state-of-the-art technology are at the core of our business. We will keep innovating to ensure we provide our customers a superior trading experience."

ActivTrades is a UK-based brokerage firm providing an electronic trading platform to trade Forex, Contracts for Difference (CFDs), and spread betting. Late last year, the company has launched its Luxembourg office as the new EU base to ensure business continuity in European countries after brexit. Additionally, early this year, ActivTrades has expended its offering with the launch of commission-free equities trading.