The UK company’s turnover for the year came in at £36 million.
It also opened a new Dubai branch.
The UK unit of Interactive Brokers witnessed a 142 per cent increase in client accounts in 2024, rising to 64,146 from the previous year’s 26,539, according to the latest Companies House filing. As a result, the company’s commission income—its turnover—also jumped to £36 million from £31.3 million in 2023, marking a yearly increase of 15 per cent.
Strong Income and Profits
Regulated by the Financial Conduct Authority (FCA), the company offers execution and clearing broking services in equity and derivative products to private and institutional clients. It also operates as a client-carrying broker-dealer, offering unallocated spot gold and silver, contracts for differences (CFDs), safe custody securities, index futures, and options to its carried clients and affiliates.
Although there was an operating loss due to high administrative expenses of £59.4 million, the UK company generated £131.8 million in finance income; however, £102.1 million of that was offset by finance costs. The company also made £7.2 million from other operating income streams.
The rise in revenue also positively impacted the company’s profitability. Pre-tax profits increased to £13.6 million, up from £11.3 million in 2023—a year-over-year increase of 20 per cent. After taxes, the company netted £10.5 million.
Income statement of Interactive Brokers (UK) Limited
A New Branch
Last year, Interactive Brokers’ UK entity expanded its international presence by opening a branch in Dubai.
The UK arm of Interactive Brokers is an ultimate subsidiary of Nasdaq-listed Interactive Brokers Group. In the first quarter of 2025, the group posted revenues of $1.4 billion, compared to $1.2 billion a year earlier.
The quarterly earnings per share of the publicly listed company came in at $1.88. Although the figure improved from $1.64 per share in the same quarter the previous year, it missed the Zacks Consensus Estimate of $1.92 per share.
The UK unit of Interactive Brokers witnessed a 142 per cent increase in client accounts in 2024, rising to 64,146 from the previous year’s 26,539, according to the latest Companies House filing. As a result, the company’s commission income—its turnover—also jumped to £36 million from £31.3 million in 2023, marking a yearly increase of 15 per cent.
Strong Income and Profits
Regulated by the Financial Conduct Authority (FCA), the company offers execution and clearing broking services in equity and derivative products to private and institutional clients. It also operates as a client-carrying broker-dealer, offering unallocated spot gold and silver, contracts for differences (CFDs), safe custody securities, index futures, and options to its carried clients and affiliates.
Although there was an operating loss due to high administrative expenses of £59.4 million, the UK company generated £131.8 million in finance income; however, £102.1 million of that was offset by finance costs. The company also made £7.2 million from other operating income streams.
The rise in revenue also positively impacted the company’s profitability. Pre-tax profits increased to £13.6 million, up from £11.3 million in 2023—a year-over-year increase of 20 per cent. After taxes, the company netted £10.5 million.
Income statement of Interactive Brokers (UK) Limited
A New Branch
Last year, Interactive Brokers’ UK entity expanded its international presence by opening a branch in Dubai.
The UK arm of Interactive Brokers is an ultimate subsidiary of Nasdaq-listed Interactive Brokers Group. In the first quarter of 2025, the group posted revenues of $1.4 billion, compared to $1.2 billion a year earlier.
The quarterly earnings per share of the publicly listed company came in at $1.88. Although the figure improved from $1.64 per share in the same quarter the previous year, it missed the Zacks Consensus Estimate of $1.92 per share.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Webull Spent Big to Hit Record Revenue, and the Bill Is in the Fine Print
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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Watch the full video to see if Hola Prime fits your trading style.
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Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters