The unit closed the year, netting £342,872 on £1.78 million in revenue.
It added 476 new accounts in 2024, out of which only 79 were funded.
The Cyprus office of Exinity
The United Kingdom-registered entity of Exinity, which onboards only professional CFDs traders under the FXTM brand, witnessed a decline in 2024 revenue, which fell to £1.78 million from the previous year’s £2.07 million.
Profits Improve as Costs Go Down
However, the company improved its pre-tax profitability to £457,360 from £213,462 in 2023. After taxes, it netted £342,872 in profits. Profitability improved despite the revenue decline, as Exinity UK managed to reduce its administrative and other expenses to £1.3 million from £1.8 million.
The FXTM brand operates under a Financial Conduct Authority (FCA) licence in the UK. The brand stopped onboarding retail clients in 2021 across Europe due to the changed regulatory environment on the continent. Although the broker gave up its Cyprus licence entirely last year, it still onboards only professional clients in the UK.
Exinity UK Limited's 2024 income statement
More Accounts, but Fewer Are Getting Funded
According to the latest Companies House filings, Exinity UK opened 476 new accounts in 2024, compared to 347 in the previous year. Out of the total, only 79 accounts received client deposits before the end of the year, whereas 190 new accounts were funded in 2023.
The Exinity Group controls the retail trading brands FXTM and Alpari, which are part of Andrey Dashin's larger empire. The group also includes two other brands, Nemo and Pulse, marking its expansion beyond retail trading.
Earlier this year, FinanceMagnates.com reported that at least three senior executives—Matthew Wright, Behram Nasir, and Heiko Mueller—were set to leave the brokerage group. Wright served as Exinity’s Group COO, Nasir as the Group General Counsel, and Mueller as the Business and Market Development Director. Exinity also confirmed it would not appoint direct replacements for these roles. Instead, their responsibilities will be reassigned among other members of the senior management team
The United Kingdom-registered entity of Exinity, which onboards only professional CFDs traders under the FXTM brand, witnessed a decline in 2024 revenue, which fell to £1.78 million from the previous year’s £2.07 million.
Profits Improve as Costs Go Down
However, the company improved its pre-tax profitability to £457,360 from £213,462 in 2023. After taxes, it netted £342,872 in profits. Profitability improved despite the revenue decline, as Exinity UK managed to reduce its administrative and other expenses to £1.3 million from £1.8 million.
The FXTM brand operates under a Financial Conduct Authority (FCA) licence in the UK. The brand stopped onboarding retail clients in 2021 across Europe due to the changed regulatory environment on the continent. Although the broker gave up its Cyprus licence entirely last year, it still onboards only professional clients in the UK.
Exinity UK Limited's 2024 income statement
More Accounts, but Fewer Are Getting Funded
According to the latest Companies House filings, Exinity UK opened 476 new accounts in 2024, compared to 347 in the previous year. Out of the total, only 79 accounts received client deposits before the end of the year, whereas 190 new accounts were funded in 2023.
The Exinity Group controls the retail trading brands FXTM and Alpari, which are part of Andrey Dashin's larger empire. The group also includes two other brands, Nemo and Pulse, marking its expansion beyond retail trading.
Earlier this year, FinanceMagnates.com reported that at least three senior executives—Matthew Wright, Behram Nasir, and Heiko Mueller—were set to leave the brokerage group. Wright served as Exinity’s Group COO, Nasir as the Group General Counsel, and Mueller as the Business and Market Development Director. Exinity also confirmed it would not appoint direct replacements for these roles. Instead, their responsibilities will be reassigned among other members of the senior management team
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Axi Reports 46% of Clients Hold Crypto Across CFDs, Perpetuals and Spot Trading
Finance Magnates Daily Brief: 21 April 2026
Finance Magnates Daily Brief: 21 April 2026
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
