IG CEO Made $4.5 Million in FY25, but Still Earns Less Than Top Plus500 Executives

Breon Corcoran, the CEO of IG Group, became the second-highest-paid executive among all publicly listed contracts for differences (CFDs) brokers, earning a total of about £3.35 million ($4.46 million) in the fiscal year 2025.

In comparison, the CEOs of the other two London-listed CFD brokers, CMC Markets’ Lord Peter Cruddas and Plus500’s David Zruia, made a total of £1.1 million ($1.5 million) and $4.97 million, respectively.

Although Lord Cruddas’ compensation looks low, he owns almost a 60 per cent stake in CMC Markets and earned about £14.5 million ($19.68 million) last year from dividends alone.

The CEOs’ total salaries look high, but they include large bonuses. Corcoran’s salary structure included £896,000 ($1.19 million) in fixed pay and over £2.45 million ($3.27 million) in bonuses.

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Plus500 Pays the Most

Similarly, Zruia, one of the highest-paid executives among publicly listed CFD brokers, earned $1.09 million in fixed salary, while the remaining $3.9 million was variable.

Plus500’s CFO, Elad Even-Chen, also earned equal pay to Zruia, with the same structure. Both Zruia’s and Even-Chen’s salaries increased by about 33 per cent in 2024.

Among the three London-listed CFD firms, IG tops the list in terms of revenue. It generated a total revenue of £1.07 billion ($1.42 billion) in the last fiscal year, while Plus500 and CMC Markets generated $768.3 million and £340.1 million ($451.8 million), respectively.

Corcoran, who took over as IG’s CEO in early 2024, made £350,000 ($465,000) in fixed pay and £736,000 ($977,000) in variables in his first year with the broker. His current pay is now on par with IG’s previous CEO, June Felix, who made over £3.05 million ($4.05 million) in total in her last full year with the broker.

IG’s CFO, Clifford Abrahams, who joined the broker last year, made a total of £1.4 million ($1.86 million), out of which £299,000 ($397,000) was fixed and £1.1 million ($1.46 million) was variable.

The latest IG annual report also detailed that the salaries of the CEO and CFO will increase by 3 per cent in the current financial year. Corcoran’s base salary will become £824,000 ($1.10 million), while Abrahams will receive £592,250 ($787,000). The annual bonus will be 200 per cent and 160 per cent of the CEO’s and CFO’s salaries, respectively.

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London Brokers Pay the Top Dollar

Meanwhile, the CEO of Polish CFDs broker XTB, Omar Arnaout, earned almost PLN 2 million ($514,600) in 2024, of which PLN 1.2 million ($308,800) was fixed and the remaining amount variable. His salary decreased marginally in a year due to a cut in the variable portion.

Swiss-listed Swissquote, which offers CFDs and other products, paid its CEO, Marc Bürki, a fixed salary of CHF 550,000 ($616,000) in 2024. However, the variable part of his salary pushed the total to about CHF 1.2 million ($1.35 million), a 12 per cent yearly increase.

Swissquote’s revenue for the last fiscal year was CHF 661 million ($819.6 million), while XTB generated PLN 1.9 billion ($514.6 million).