Conotoxia reported record-breaking metrics for 2022.
The fintech company showed increased FX volumes and a number of active clients.
Conotoxia, the retail trading arm of the major Poland-based fintech, Cinkciarz.pl, has
reported significant growth in 2022, with revenues and transaction volumes
soaring compared to the previous year. The group's overall foreign exchange (FX)
transaction turnover reached $8.29 billion, reflecting a solid performance
across all its companies and services.
Record-Breaking Results
for Conotoxia Holding Companies
In 2022,
Conotoxia's currency exchange turnover increased 5% from $7.46 billion
reported in 2021, reaching $8.29 billion. As for the other statistics,
Conotoxia does not provide exact figures, only percentages and multipliers by
which they managed to improve their results in the remaining business areas. The number of active client accounts reached an all-time high,
growing almost 2.5 times.
The
company's money transfer service revenue grew 24%, while the number of
transactions surged 60%, and their value jumped over 40% compared to the
previous year.
In addition, the
multi-currency card category experienced visible growth, with revenues
increasing 4.5 times, a 4-fold rise in the number of card transactions, and triple their values compared to 2021.
Turnover in
the lending service nearly doubled in 2022, with an 80% increase in granted
loans. This significant rise was mainly due to loans in foreign currencies,
which were given out almost 2.5 times more than in the previous year.
"It is
essential for us to consistently expand in all areas of our business,"
Marcin Pioro, the CEO of Conotoxia Holding, commented. "Conotoxia's offer
makes it possible to manage everyday finances in various currencies
conveniently, quickly and universally."
2022 for companies belonging to Conotoxia Holding. Source: Conotoxia
Pioro
emphasized that the Conotioxia Group is currently working on other domestic and
international projects with plans for further global expansion and significant
growth in revenue and turnover across all segments. Conotoxia aims to maintain
its position as the leader in multi-currency services in Poland and expand its
reach globally.
Additionally,
the B2B segment achieved its best results in history, with business customers
increasingly adopting the fintech payment system for e-commerce, Conotoxia Pay.
Both revenue and turnover in this segment increased almost 2.5 times in 2022
compared to 2021, while the number of transactions rose by over 2.5 times.
Conotoxia's Important
Updates
Less than a
month ago, Conotoxia announced the launch of an innovative investment advisory
service for individual traders in the contracts for difference (CFD) industry.
According to the broker's representatives, a similar service was never available
in this form, eliminating the entry barrier almost entirely.
According
to the official announcement seen by Finance Magnates, the advisory
service enables retail traders to receive individual investment recommendations
on selected financial instruments.
Grzegorz Jaworski, the CEO of Conotoxia Ltd.
"The
introduction of the investment advisory service is another significant step in
the development of the Invest & Forex segment," Grzegorz Jaworski, the
CEO of Conotoxia Ltd. (Cinkciarz.pl's investment service), commented. "We
believe that the knowledge and experience of advisors can help our clients
build their own professional investment portfolios and make informed and
accurate decisions."
In 2021,
the company declared the formation of a local branch in Poland to initiate its
expansion into Europe. The company obtained a license from the Polish Financial
Supervision Authority (KNF) to provide investment services to its clients.
As of early
2023, Conotoxia appointed Ireneusz Pukin as the new Director of its Polish
branch, taking over from Daniel Kostecki, who had been leading the unit since
its inception in 2021.
Conotoxia, the retail trading arm of the major Poland-based fintech, Cinkciarz.pl, has
reported significant growth in 2022, with revenues and transaction volumes
soaring compared to the previous year. The group's overall foreign exchange (FX)
transaction turnover reached $8.29 billion, reflecting a solid performance
across all its companies and services.
Record-Breaking Results
for Conotoxia Holding Companies
In 2022,
Conotoxia's currency exchange turnover increased 5% from $7.46 billion
reported in 2021, reaching $8.29 billion. As for the other statistics,
Conotoxia does not provide exact figures, only percentages and multipliers by
which they managed to improve their results in the remaining business areas. The number of active client accounts reached an all-time high,
growing almost 2.5 times.
The
company's money transfer service revenue grew 24%, while the number of
transactions surged 60%, and their value jumped over 40% compared to the
previous year.
In addition, the
multi-currency card category experienced visible growth, with revenues
increasing 4.5 times, a 4-fold rise in the number of card transactions, and triple their values compared to 2021.
Turnover in
the lending service nearly doubled in 2022, with an 80% increase in granted
loans. This significant rise was mainly due to loans in foreign currencies,
which were given out almost 2.5 times more than in the previous year.
"It is
essential for us to consistently expand in all areas of our business,"
Marcin Pioro, the CEO of Conotoxia Holding, commented. "Conotoxia's offer
makes it possible to manage everyday finances in various currencies
conveniently, quickly and universally."
2022 for companies belonging to Conotoxia Holding. Source: Conotoxia
Pioro
emphasized that the Conotioxia Group is currently working on other domestic and
international projects with plans for further global expansion and significant
growth in revenue and turnover across all segments. Conotoxia aims to maintain
its position as the leader in multi-currency services in Poland and expand its
reach globally.
Additionally,
the B2B segment achieved its best results in history, with business customers
increasingly adopting the fintech payment system for e-commerce, Conotoxia Pay.
Both revenue and turnover in this segment increased almost 2.5 times in 2022
compared to 2021, while the number of transactions rose by over 2.5 times.
Conotoxia's Important
Updates
Less than a
month ago, Conotoxia announced the launch of an innovative investment advisory
service for individual traders in the contracts for difference (CFD) industry.
According to the broker's representatives, a similar service was never available
in this form, eliminating the entry barrier almost entirely.
According
to the official announcement seen by Finance Magnates, the advisory
service enables retail traders to receive individual investment recommendations
on selected financial instruments.
Grzegorz Jaworski, the CEO of Conotoxia Ltd.
"The
introduction of the investment advisory service is another significant step in
the development of the Invest & Forex segment," Grzegorz Jaworski, the
CEO of Conotoxia Ltd. (Cinkciarz.pl's investment service), commented. "We
believe that the knowledge and experience of advisors can help our clients
build their own professional investment portfolios and make informed and
accurate decisions."
In 2021,
the company declared the formation of a local branch in Poland to initiate its
expansion into Europe. The company obtained a license from the Polish Financial
Supervision Authority (KNF) to provide investment services to its clients.
As of early
2023, Conotoxia appointed Ireneusz Pukin as the new Director of its Polish
branch, taking over from Daniel Kostecki, who had been leading the unit since
its inception in 2021.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
CFD Brokers Can Now Manage Client Engagement as DXtrade Mobile Integrates BrokerIQ
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
