- Average trading volumes up 25%
- New client funding jumps by 31%
- Total number of clients actively trading up 9%
- Brokerage benefits from increased market volatility
- Boost from new clients also thanks to the popular ActivTrader platform
The brokerage, which this year celebrates its 20th anniversary, registered profit before tax of £21.8 million while profit after tax stood at £18.8 million for the year ending on December 31, 2020, its best results since the company’s inception in 2001. Turnover was similarly positive, having more than doubled from the previous year, to hit a record £46.5 million.
The new year is shaping up to be equally promising, with a busy first quarter showing there is no sign of any slowdown in 2021.
“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,” said Alex Pusco, ActivTrades CEO. “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.”
The strong growth was a reflection of increased market volatility in the financial markets, in particular during March and April 2020, and was also thanks to a rise in new clients using the ActivTrader platform.
First launched in 2018, the enhanced proprietary platform ActivTrader offers a range of advanced features, exclusively designed for ActivTrader users, and is proving popular among customers.
The number of new customers with funded accounts rose by 31% in 2020, compared with the previous year, helping increase the total number of clients actively trading at the end of 2020 by 9% year-on-year.
To keep up with a growing global customer base, ActivTrades continues to establish branches outside of its headquarters in London. At the end of 2020, it added a new Luxembourg office, which has ensured a seamless transition for European clients post-Brexit, and joins ActivTrades’ other bases in Milan, Sofia and Nassau.
ActivTrades is a leading brokerage serving clients in over 140 countries.
Launched in 2001 as a pioneer in online trading empowering a new generation of traders, today ActivTrades is a multiple award-winning, multi-platform global organisation which leads the way as a highly reputable and innovative brokerage.
Initially specialising in Forex it gradually expanded the range of products and currently offers over 1000 CFD or Spread Betting instruments across Forex, Indices, Shares, Commodities, Financials and ETFs.
Besides the world’s most popular trading platform: MetaTrader, enhanced with Smart Tools developed exclusively for its customers, the brokerage offers ActivTrader – its own intuitive and fully-featured platform designed for all levels of trading experience and available on desktop, smartphone and tablet.
Headquartered in the City of London and with additional offices in Milan, Nassau, Sofia and Luxembourg, it delivers superior trading conditions and outstanding customer care in 14 languages across the globe.
Carlo Alberto De Casa
+44 (0) 7920 466 898