ActivTrades has shared its annual financial results for 2020, revealing a significant increase in revenue. The company reported revenues of £46.5 million, which is more than double the £20.6 million reported in 2019. This surge in revenue can be attributed to a rise in interest across the company’s range of products, as well as an increase in new trading accounts.
ActivTrades 2020 Financial Results
The broker’s pre-tax profits for the year ending December 31, 2020, were £21.8 million. The Financial Conduct Authority (FCA) regulates ActivTrades. The company’s revenues saw a significant increase over the year, thanks to a rise in demand for leveraged forex and CFD products. In addition, the COVID-19 pandemic resulted in increased market volatility, which further boosted ActivTrades’ revenue.
The company saw a nine percent increase in active traders across the year, with a significant portion of its revenue generated in March and April. ActivTrades also suffered a poor year in 2019, following the introduction of ESMA restrictions on crypto trading. The company reported revenues of £20.6 million and a loss of £7.1 million in 2019.
ActivTrades’ CEO, Alex Pusco, expressed his delight at the company’s 2020 results, stating, “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”.
2020 was also the year the broker expanded its European presence, opening a Luxembourg office to enhance its trading services after Brexit. New clients can open a live account from most European countries, in addition to the UK.
About ActivTrades
ActivTrades offers forex and CFD trading in addition to spread betting products. Clients can speculate on the financial markets using the MetaTrader 4, MetaTrader 5, and ActivTrader platforms. A range of ETFs is also offered to clients as well as leading cryptos like Bitcoin.
Traders benefit from tight spreads, as low as 0.5 pips on major forex pairs and indices while a $1 commission per side is charged when trading stocks. Leverage is capped at 1:30, in line with European trading regulations.
ActivTrades offers a comprehensive trading experience that will suit varying skill levels. Given the broker’s range of products alongside a surge in demand for day trading services, it’s perhaps unsurprising ActivTrades has reported its best financial results to date.