IG Group Announces 9% Decline in Global Revenues, Obtains Swiss Regulation
Wednesday,17/09/2014|07:18GMTby
George Tchetvertakov
IG reports mildly lower revenues in all regions while UK operations most resilient. With market conditions as flat and tough as ever, the company is looking to new frontiers such as Switzerland and Dubai
IG Group, a global trading services provider, has issued financial performance data for Q3 2014. Revenue in Q3 2014 fell 9% year-on-year from £93.6 million to £85.6 million. In an official statement, IG said, “The first three months of the company's financial year (June-Sep 2014) were particularly quiet in the financial markets, with volumes and Volatility close to historic lows and the continuation of recent weakness in Forex activity.”
Looking in more detail at the geographical breakdown of the published performance metrics, it appears that IG’s UK operations were the most resilient of all their global locations, having suffered a 3% year-on-year decline in revenue compared to Australia (-10%), Europe (-9%) and the Rest of the World (-25%). Revenue fell in all regions due to an “extremely quiet backdrop impacting performance,” according to IG’s Interim Management Statement.
The broker reported 9% growth in active clients in Europe and 1% in the Rest of the World, while the UK and Australia saw respective 8% and 9% declines. The group in total suffered a 3% year-on-year decline in active clients globally and a 6% decline in revenue generated per client.
Flat trading conditions in the FX market hit IG’s Japan and Singapore operations most, where revenue fell by 30%. The best performer in terms of revenue growth was South Africa.
Regulated in Switzerland, next is Dubai
Only a few days ago, IG announced the launch of its new stockbroking service offered to clients in the UK and Ireland, claiming the move as a “major strategic development” for the company. IG plans to improve functionality for its new stockbroking service by “adding the ability for clients to use their equity assets as collateral against shorter-term leveraged trading,” and wants to commence a targeted international roll-out as soon as possible.
Earlier this month, Swiss regulator FINMA granted authorization for IG to open a new sales office in Geneva, with the company expecting “to begin trading there in the very near future,” according to a statement.
IG has also announced that it plans to “progress its license application in Dubai,” which suggests an imminent expansion into the Middle East region.
IG Group, a global trading services provider, has issued financial performance data for Q3 2014. Revenue in Q3 2014 fell 9% year-on-year from £93.6 million to £85.6 million. In an official statement, IG said, “The first three months of the company's financial year (June-Sep 2014) were particularly quiet in the financial markets, with volumes and Volatility close to historic lows and the continuation of recent weakness in Forex activity.”
Looking in more detail at the geographical breakdown of the published performance metrics, it appears that IG’s UK operations were the most resilient of all their global locations, having suffered a 3% year-on-year decline in revenue compared to Australia (-10%), Europe (-9%) and the Rest of the World (-25%). Revenue fell in all regions due to an “extremely quiet backdrop impacting performance,” according to IG’s Interim Management Statement.
The broker reported 9% growth in active clients in Europe and 1% in the Rest of the World, while the UK and Australia saw respective 8% and 9% declines. The group in total suffered a 3% year-on-year decline in active clients globally and a 6% decline in revenue generated per client.
Flat trading conditions in the FX market hit IG’s Japan and Singapore operations most, where revenue fell by 30%. The best performer in terms of revenue growth was South Africa.
Regulated in Switzerland, next is Dubai
Only a few days ago, IG announced the launch of its new stockbroking service offered to clients in the UK and Ireland, claiming the move as a “major strategic development” for the company. IG plans to improve functionality for its new stockbroking service by “adding the ability for clients to use their equity assets as collateral against shorter-term leveraged trading,” and wants to commence a targeted international roll-out as soon as possible.
Earlier this month, Swiss regulator FINMA granted authorization for IG to open a new sales office in Geneva, with the company expecting “to begin trading there in the very near future,” according to a statement.
IG has also announced that it plans to “progress its license application in Dubai,” which suggests an imminent expansion into the Middle East region.
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The Finance Magnates Awards 2026 nominations are now open. 🏆
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
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Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
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Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
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- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
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