A look at IG Group's shareholder presentation. Revenues from Europe continue to rise, UK CFD traders bring in the highest revenues, NADEX is still quite small, and more details about IG's clients and retention figures.
IG Group released their full year results for the period ending May 31st 2013, earlier this week. Beyond the top and bottom line numbers, the broker also provided more specifics within their shareholder presentation.
Some of the key details (full presentation below):
UK revenues nearing a drop below 50%: Even with advances in market share in key European and APAC markets, IG’s fortunes continue to be dominated by its UK business. During the year, UK revenues including both its CFD and Spreadbetting products totaled 51.5% of the firm’s revenues. However, the figure continues to fall, as IG’s global efforts taking place. Total UK revenues have risen 23.8% from £150.5M in 2009 to a present £186.3M. This compares with a 79.6% increase in Rest of the World revenues from £97.8M to £175.6M during the same period.
Europe and Australian market share increases: Pacing IG’s global diversification has been growth in its European and Australian business. Specifically in Europe, IG has done very well with revenues climbing 135% to £71.3M from £30.2M in 2009. According to the broker, it currently holds market share of 11% and 9% in France and Germany respectively, the number two broker in each country.
NADEX revenues still miniscule: IG reported that revenues from its US based binary options subsidiary, NADEX grew 40% YoY; albeit to a total of only £2M. Despite, the growth, the low total revenue figures beg the question of whether of the subsidiary’s relevance. The unit is in a tough position as brokers interested in partnering with the Exchange need to become NFA registered IBs. With non-US business, brokers have shown that they prefer to simply use white label products from the many binary platform providers on the market.
IG rebranding: The firm purchased the IG.COM TLD earlier this year and has used the occasion to rebrand. Part of that rebrand is also the initiation of a single login architecture. With the upcoming launch of MT4, the single login will allow IG customers to trade from various platforms with one account.
Client retention: One of the industry sayings is that Forex clients last around six months. In this regard, IG’s figures show that consistently over the past four years that only about 20% of customers don’t last six months. In addition, they reported that 71% of clients were active for more than a year. Overall, IG reported total active accounts 97,568 at the end of the period, with 35,854 clients trading for the first time in the 2013 accounting period. (retention figures don’t include Japan)
Revenues per client: UK CFD traders continued to register the highest revenues per client at £2654 for H2 2013. Also rising was IG’s average revenue per client to £1819. However, average revenues of clients from Europe have been declining, most likely due to effects of the financial crisis.
IG Group released their full year results for the period ending May 31st 2013, earlier this week. Beyond the top and bottom line numbers, the broker also provided more specifics within their shareholder presentation.
Some of the key details (full presentation below):
UK revenues nearing a drop below 50%: Even with advances in market share in key European and APAC markets, IG’s fortunes continue to be dominated by its UK business. During the year, UK revenues including both its CFD and Spreadbetting products totaled 51.5% of the firm’s revenues. However, the figure continues to fall, as IG’s global efforts taking place. Total UK revenues have risen 23.8% from £150.5M in 2009 to a present £186.3M. This compares with a 79.6% increase in Rest of the World revenues from £97.8M to £175.6M during the same period.
Europe and Australian market share increases: Pacing IG’s global diversification has been growth in its European and Australian business. Specifically in Europe, IG has done very well with revenues climbing 135% to £71.3M from £30.2M in 2009. According to the broker, it currently holds market share of 11% and 9% in France and Germany respectively, the number two broker in each country.
NADEX revenues still miniscule: IG reported that revenues from its US based binary options subsidiary, NADEX grew 40% YoY; albeit to a total of only £2M. Despite, the growth, the low total revenue figures beg the question of whether of the subsidiary’s relevance. The unit is in a tough position as brokers interested in partnering with the Exchange need to become NFA registered IBs. With non-US business, brokers have shown that they prefer to simply use white label products from the many binary platform providers on the market.
IG rebranding: The firm purchased the IG.COM TLD earlier this year and has used the occasion to rebrand. Part of that rebrand is also the initiation of a single login architecture. With the upcoming launch of MT4, the single login will allow IG customers to trade from various platforms with one account.
Client retention: One of the industry sayings is that Forex clients last around six months. In this regard, IG’s figures show that consistently over the past four years that only about 20% of customers don’t last six months. In addition, they reported that 71% of clients were active for more than a year. Overall, IG reported total active accounts 97,568 at the end of the period, with 35,854 clients trading for the first time in the 2013 accounting period. (retention figures don’t include Japan)
Revenues per client: UK CFD traders continued to register the highest revenues per client at £2654 for H2 2013. Also rising was IG’s average revenue per client to £1819. However, average revenues of clients from Europe have been declining, most likely due to effects of the financial crisis.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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