The entity offering spread betting brought in £27.4 million in revenue.
The total overall annual net income of the group came in at £340.1 million.
CMC Markets generated over £27.4 million in revenue from spread betting activities in the financial year ending 31 March 2025. The figure, however, dropped about 4.2 per cent from the previous year’s £28.7 million.
The revenue decline also affected the profits of the CMC Markets’ unit that offers spread betting, which came in at £2.8 million, a 9.7 per cent annual decline.
A Popular Instrument in the UK
Spread betting, as its name implies, allows someone to bet on outcomes in the financial markets. These are derivative instruments, and traders can take positions both for and against the markets.
These instruments are very popular in the United Kingdom, as the profits generated by trading them are not taxed. Several retail UK brokers, including IG, CMC Markets, Spreadex, and Trade.com, offer spread betting instruments.
Lord Peter Cruddas, CMC Markets Chief Executive and Founder, Source: CMC
CMC Markets recently revealed that its net operating income for the last fiscal year was £340.1 million. Although the group report did not specify the spread betting figures, the latest Companies House filings by the entity offering spread betting revealed that almost 8 per cent of the total revenue came from these instruments, which are geographically diverse.
The entity also earned £2.8 million from interest on client funds and another £776,000 from interest on its own funds.
Impact of the CrowdStrike Outage
The filing further revealed that the CMC Markets technology infrastructure was hit by the CrowdStrike outage in July 2024, which impacted companies worldwide, including many in the CFDs industry. However, the impact on the CMC app due to the outage was insignificant – the CMC app achieved 99.92 per cent uptime in FY25 compared to 99.95 per cent in the previous year.
FinanceMagnates.com earlier reported that the number of leveraged traders who trade margin forex, CFDs, and financial spread betting in the United Kingdom went down to 173,000 at the end of May 2024, a decline of 5 per cent over the previous 12 months. The figure has been declining since May 2021, when the number of active leveraged traders hit 275,000.
CMC Markets generated over £27.4 million in revenue from spread betting activities in the financial year ending 31 March 2025. The figure, however, dropped about 4.2 per cent from the previous year’s £28.7 million.
The revenue decline also affected the profits of the CMC Markets’ unit that offers spread betting, which came in at £2.8 million, a 9.7 per cent annual decline.
A Popular Instrument in the UK
Spread betting, as its name implies, allows someone to bet on outcomes in the financial markets. These are derivative instruments, and traders can take positions both for and against the markets.
These instruments are very popular in the United Kingdom, as the profits generated by trading them are not taxed. Several retail UK brokers, including IG, CMC Markets, Spreadex, and Trade.com, offer spread betting instruments.
Lord Peter Cruddas, CMC Markets Chief Executive and Founder, Source: CMC
CMC Markets recently revealed that its net operating income for the last fiscal year was £340.1 million. Although the group report did not specify the spread betting figures, the latest Companies House filings by the entity offering spread betting revealed that almost 8 per cent of the total revenue came from these instruments, which are geographically diverse.
The entity also earned £2.8 million from interest on client funds and another £776,000 from interest on its own funds.
Impact of the CrowdStrike Outage
The filing further revealed that the CMC Markets technology infrastructure was hit by the CrowdStrike outage in July 2024, which impacted companies worldwide, including many in the CFDs industry. However, the impact on the CMC app due to the outage was insignificant – the CMC app achieved 99.92 per cent uptime in FY25 compared to 99.95 per cent in the previous year.
FinanceMagnates.com earlier reported that the number of leveraged traders who trade margin forex, CFDs, and financial spread betting in the United Kingdom went down to 173,000 at the end of May 2024, a decline of 5 per cent over the previous 12 months. The figure has been declining since May 2021, when the number of active leveraged traders hit 275,000.
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.
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
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
