The trading volume jumped primarily due to market volatility caused by the “Gaza-Israel conflict”.
The UK company ended the year with 42 per cent higher revenue at £1.94 million.
An office of FxPro (photo: FxPro)
The UK unit of FxPro handled $80 billion in notional trading volume in 2024, 70 per cent higher than the previous year. According to the company, the increase in trading volume was mainly driven by the market volatility caused by the “Gaza-Israel conflict”.
“This geopolitical uncertainty triggered a sharp rise in client activity across multiple asset classes, leading to higher transaction volumes and increased revenues,” stated the latest Companies House filing of FxPro UK Limited.
A Strong Revenue
Indeed, the surge in trading demand also pushed the company’s revenue to £1.94 million, about 42 per cent higher than the previous year’s £1.37 million. However, the majority of the revenue was generated from intercompany charges, while £27,038 came from fees imposed on inactive accounts.
“The revenue of the company is derived from FxPro Global Markets Limited and is based entirely on a 10% cost-plus service agreement between the two entities,” the filing added.
Interestingly, FxPro UK also almost halved the commission it paid to introducing brokers, bringing it down to £122,857 from £215,144 in 2023. However, higher transaction processing fees pushed overall administrative expenses up.
After accounting for all income and expenses, FxPro UK ended the year with £155,139 in pre-tax and net profit. The figure was significantly higher than the previous year’s pre-tax profit of £89,613. The company also netted £153,103 after a tax credit.
Meanwhile, FxPro is also strengthening its products and services. It recently partnered with tell.money to implement Confirmation of Payee (CoP) technology and integrated Convrs' omnichannel messaging platform to improve global client communications across WhatsApp, Messenger, and Telegram channels.
The UK unit of FxPro handled $80 billion in notional trading volume in 2024, 70 per cent higher than the previous year. According to the company, the increase in trading volume was mainly driven by the market volatility caused by the “Gaza-Israel conflict”.
“This geopolitical uncertainty triggered a sharp rise in client activity across multiple asset classes, leading to higher transaction volumes and increased revenues,” stated the latest Companies House filing of FxPro UK Limited.
A Strong Revenue
Indeed, the surge in trading demand also pushed the company’s revenue to £1.94 million, about 42 per cent higher than the previous year’s £1.37 million. However, the majority of the revenue was generated from intercompany charges, while £27,038 came from fees imposed on inactive accounts.
“The revenue of the company is derived from FxPro Global Markets Limited and is based entirely on a 10% cost-plus service agreement between the two entities,” the filing added.
Interestingly, FxPro UK also almost halved the commission it paid to introducing brokers, bringing it down to £122,857 from £215,144 in 2023. However, higher transaction processing fees pushed overall administrative expenses up.
After accounting for all income and expenses, FxPro UK ended the year with £155,139 in pre-tax and net profit. The figure was significantly higher than the previous year’s pre-tax profit of £89,613. The company also netted £153,103 after a tax credit.
Meanwhile, FxPro is also strengthening its products and services. It recently partnered with tell.money to implement Confirmation of Payee (CoP) technology and integrated Convrs' omnichannel messaging platform to improve global client communications across WhatsApp, Messenger, and Telegram channels.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
iFOREX Adds Saudi and South Korean Equity CFDs as IPO Is Delayed
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
