The broker closed the year with a turnover of £791,791.
Its profits also jumped 250 percent to £147,813.
One Global Market, a United Kingdom-registered contracts for differences (CFDs) broker operator, closed the fiscal year on 30 September 2023 with a turnover of £791,791, an increase of 213 percent from the previous year.
A Strong Year for OGM
The higher revenue further pushed the sales cost upward to £123,677 from £38,290, resulting in a gross profit of £668,114, which has increased 212 percent. The administrative expense of the London-based company also increased significantly to £520,304 from £181,496, a rise of 187 percent.
After considering the other income and expenditure, the pre-tax and net profit both came in the same at £147,813, a year-on-year increase of about 350 percent, according to the latest Companies House filing.
“2023 proved to be a profitable year for OGM. This financial success laid a solid foundation for the company's future endeavors, providing the financial stability needed to invest in growth initiatives,” the company stated.
FY23 income sheet of OGM
Strategic Changes Lead to Growth
One Global Market or OCM operates as a broker with the authorization of the Financial Conduct Authority in the UK. It primarily offers online forex and CFDs instruments of several asset classes and targets retail and professional clients.
As the broker highlighted, it generates revenue from three sources: spread markups, commissions, and swap premiums. It operates on an agency brokerage model, and thus its revenue entirely depends on the clients’ trading volume.
“In 2023, OGM experienced a significant turning point as it underwent a change in control, a process that was approved and finalized by year-end. This change brought new shareholder, fresh perspectives, and a strategic vision to the organization. With a renewed sense of purpose and direction,” the filing added.
“As OGM ends a transformative year. It strengthened its leadership team to focus on growth and compliance, especially the consumer duty to set the stage for 2024. The company is well-prepared to navigate future challenges and capitalize on opportunities in the financial industry, promising continued success in the year ahead.”
One Global Market, a United Kingdom-registered contracts for differences (CFDs) broker operator, closed the fiscal year on 30 September 2023 with a turnover of £791,791, an increase of 213 percent from the previous year.
A Strong Year for OGM
The higher revenue further pushed the sales cost upward to £123,677 from £38,290, resulting in a gross profit of £668,114, which has increased 212 percent. The administrative expense of the London-based company also increased significantly to £520,304 from £181,496, a rise of 187 percent.
After considering the other income and expenditure, the pre-tax and net profit both came in the same at £147,813, a year-on-year increase of about 350 percent, according to the latest Companies House filing.
“2023 proved to be a profitable year for OGM. This financial success laid a solid foundation for the company's future endeavors, providing the financial stability needed to invest in growth initiatives,” the company stated.
FY23 income sheet of OGM
Strategic Changes Lead to Growth
One Global Market or OCM operates as a broker with the authorization of the Financial Conduct Authority in the UK. It primarily offers online forex and CFDs instruments of several asset classes and targets retail and professional clients.
As the broker highlighted, it generates revenue from three sources: spread markups, commissions, and swap premiums. It operates on an agency brokerage model, and thus its revenue entirely depends on the clients’ trading volume.
“In 2023, OGM experienced a significant turning point as it underwent a change in control, a process that was approved and finalized by year-end. This change brought new shareholder, fresh perspectives, and a strategic vision to the organization. With a renewed sense of purpose and direction,” the filing added.
“As OGM ends a transformative year. It strengthened its leadership team to focus on growth and compliance, especially the consumer duty to set the stage for 2024. The company is well-prepared to navigate future challenges and capitalize on opportunities in the financial industry, promising continued success in the year ahead.”
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.
📣 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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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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In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
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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👉 Be part of FM Awards 2026.
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Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
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Recognition that matters.
Built on transparency.
Driven by the industry.
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Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters