The company cut its 2024 deficit but still posted an £18K net loss.
The firm reported a pre-tax profit of £23.7K, improving from a £207K loss in 2023.
Capital Index (UK) Limited, a provider of contracts for
difference and spread betting, has reduced its annual losses for 2024,
according to its recently filed statement of comprehensive income.
The company, however, continues to face challenges in
achieving sustainable profitability within a competitive retail trading market.
Pre-Tax Profit Improves, Net Loss Persists
For the year ended 31 December 2024, Capital Index reported
a pre-tax profit of £23,678. This marks a notable improvement from a pre-tax
loss of £207,006 in 2023.
Despite this return to a pre-tax profit position, the
company recorded a loss after tax of £18,247. While substantially lower than
the £256,045 loss in the previous year, this represents the second consecutive
year without a net profit.
Source: Companies House UK
Turnover and Other Income
Turnover fell by more than 17%, declining to £856,657 from
£1,035,073 in 2023. Other operating income, which often includes client trading
losses or gains from the company’s own trading book, totalled £942,693,
exceeding the turnover figure. This suggests that client performance and market
conditions were major contributors to the company’s overall financial result.
Operating Expenses Remain High
Operating expenses continue to weigh on the business.
Administrative costs decreased to £1.62 million from £2.06 million, but
remained significantly higher than the gross profit of £715,943. Interest
expenses were reported at £13,500, unchanged from the previous year, alongside
minor interest income of £1,560.
The directors linked the challenges in their core UK market
to broader economic pressures. In their report, they stated:
“The UK business continued to suffer due to the cost of
living crisis, both in terms of client numbers and trades. However, the
Directors are hopeful that revenues will increase in 2025 and together with a
reduction in overhead costs a return to profit will be possible.”
Capital Index (UK) Limited, a provider of contracts for
difference and spread betting, has reduced its annual losses for 2024,
according to its recently filed statement of comprehensive income.
The company, however, continues to face challenges in
achieving sustainable profitability within a competitive retail trading market.
Pre-Tax Profit Improves, Net Loss Persists
For the year ended 31 December 2024, Capital Index reported
a pre-tax profit of £23,678. This marks a notable improvement from a pre-tax
loss of £207,006 in 2023.
Despite this return to a pre-tax profit position, the
company recorded a loss after tax of £18,247. While substantially lower than
the £256,045 loss in the previous year, this represents the second consecutive
year without a net profit.
Source: Companies House UK
Turnover and Other Income
Turnover fell by more than 17%, declining to £856,657 from
£1,035,073 in 2023. Other operating income, which often includes client trading
losses or gains from the company’s own trading book, totalled £942,693,
exceeding the turnover figure. This suggests that client performance and market
conditions were major contributors to the company’s overall financial result.
Operating Expenses Remain High
Operating expenses continue to weigh on the business.
Administrative costs decreased to £1.62 million from £2.06 million, but
remained significantly higher than the gross profit of £715,943. Interest
expenses were reported at £13,500, unchanged from the previous year, alongside
minor interest income of £1,560.
The directors linked the challenges in their core UK market
to broader economic pressures. In their report, they stated:
“The UK business continued to suffer due to the cost of
living crisis, both in terms of client numbers and trades. However, the
Directors are hopeful that revenues will increase in 2025 and together with a
reduction in overhead costs a return to profit will be possible.”
Prop Firms and Brokers Form a Perfect Synergy: One Offers Access, the Other Capital
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
