ActivTrades Profit 2024 Marks Strategic Turnaround

ActivTrades Profit 2024 Marks Strategic Turnaround with strong UK performance and global restructuring boosting growth prospects. London-headquartered forex and CFD broker ActivTrades ended 2024 with a pre-tax profit of £4.6 million on revenues totaling £37.6 million. This marked a near 38 percent surge in revenue, turning around a £7.9 million loss recorded in 2023.
After taxes, the firm posted a profit of £4.1 million, in stark contrast to the previous year’s £6.7 million loss.

ActivTrades Profit 2024 Follows Global Shift

Of the total income, £25.8 million was attributed to the UK, reflecting a 40 percent rise. The remaining £11.7 million was generated from international operations.
Other metrics also painted a positive picture. In 2024, the broker identified 192,706 new potential clients, with 13,285 going on to fund their accounts. It concluded the year with 28,898 active clients, up 3 percent from 2023.
Despite this, total deposits declined from £103.4 million to £82.8 million. But as client withdrawals dropped as well, net deposits rose by 14 percent to £25.8 million.
The dip in deposits also impacted trading volumes, with monthly averages down 37 percent to $41.1 billion.

Transition from Luxembourg to Portugal

Although based in London, ActivTrades maintains global subsidiaries in the Bahamas, Portugal, and Brazil. It previously operated a unit in Luxembourg, used to access EU markets after Brexit, but this arm is now being shut down.
European clients have since been migrated to the Portuguese entity. This transition pushed administrative expenses up 9 percent to £31.5 million. The Portugal unit, which was licensed in 2022, began onboarding clients in mid-2023. The firm also holds a regulatory licence in Italy.
To engage clients across Latin America and Asia, ActivTrades continues using its Bahamas branch. However, it began client onboarding through its Brazil-regulated business in early 2024.
Additionally, the company obtained a licence in Mauritius last year.

“As the customer base has become more spread out across the world and demand has continued to grow, the Group has established entities outside of its headquarters in London,” the latest Companies House filing by the UK unit of ActivTrades stated.
“Historically, the Group has had a high market share in Occidental European countries. In the last few years, the Group has invested more heavily in acquiring clients from within newer markets, in particular Latin America, in order to develop the opportunities in these markets to their full potential.”

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