ActivTrades Posts Record Results For 2020
ACTIVTRADES POSTS RECORD PROFIT FOR 2020
- Profit rises to a record high while turnover more than doubles
- 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
London, 27 April 2021: Award-winning online brokerage ActivTrades has posted its best ever annual results, with record turnover and profit, on the back of increased trading volumes from existing users and a jump in new clients.
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.