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2024

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Technology

Beeks Financial Cloud Posts 26% Revenue Growth as Exchange Contracts Drive Expansion

  • The cloud provider for financial markets sees a 91% surge in profit driven by infrastructure demand.
  • The company launched an AI analytics product after year-end and said its sales pipeline stands at record levels across all offerings.
Monday, 06/10/2025 | 06:55 GMT by Damian Chmiel
FinTech

eToro UK Profit Jumps 144% as Trading Activity Rebounds in 2024

  • The investment platform's British unit sees revenue increase by 41% amid a surge in crypto and political uncertainty.
  • The net income reached $177.7 million in the year before the parent company finalized its US IPO.
Monday, 06/10/2025 | 06:35 GMT by Damian Chmiel
Brokers

OANDA Europe Profit Jumps 738% as Client Retention Offsets Market Lull

  • The UK-regulated broker saw annual profit surge more than eightfold despite market volatility slowing.
  • Revenue increased by 13% and exceeded £18 million as retention efforts proved successful.
Wednesday, 01/10/2025 | 06:34 GMT by Damian Chmiel
Brokers

Blackwell Global UK Posts £17K Loss, Exits Retail Market after "Challenging Year for Trading"

  • The FCA-regulated broker explained that regulatory pressures forced a business pivot.
  • The company secured a variation of permission to serve the institutional market exclusively.
Monday, 29/09/2025 | 06:22 GMT by Damian Chmiel
Institutional FX

Citadel Securities Posts 12% UK Profit Growth Despite Europe Woes

  • A 58% profit decline in the European trading unit was offset by a 22% gain in the finance arm
  • The combined comprehensive income rose to $1.01 billion.
Monday, 29/09/2025 | 05:45 GMT by Damian Chmiel
Brokers

Swissquote's London Unit Revenue Falls 48% in 2024 on Volume Drop

  • Trading volumes fall 53% as regulatory headwinds continue to weigh on customer acquisition.
  • The Swiss-owned CFD broker is working to diversify its product offering to strengthen its UK market position.
Thursday, 25/09/2025 | 07:32 GMT by Damian Chmiel
Retail FX

Equiti Capital UK's Profit Falls 52% as Trading Costs Rise

  • The company reported visibly lower income of $530K despite 4% revenue growth, as operating costs surged 10% to $31.8 million.
  • The report explains that the increase in costs was due to regulatory compliance and technology investments
Monday, 22/09/2025 | 05:59 GMT by Damian Chmiel
Regulation

Dead FX Trading Firm Suddenly Gains $7 Million from $2B Foreign Exchange Rigging Case

  • Lucid Markets receives a windfall from forex price-fixing litigation as the wind-down continues.
  • It had ceased trading operations in 2018 following sustained losses.
Thursday, 11/09/2025 | 06:10 GMT by Damian Chmiel
Brokers

Valutrades Narrows 2024 Loss to £2.6M After Aggressive Cost Cutting

  • The company reduced its workforce and slashed administrative expenses by nearly £1 million.
  • Moreover, shareholders provided £2.6 million in additional capital to support operations.
Thursday, 04/09/2025 | 06:59 GMT by Damian Chmiel
Brokers

FXCM UK Swings to Turnover Surplus in 2024 Despite Client Trading Volumes Down 19%

  • Stratos Markets turned a small revenue despite a 19% drop in trading volumes and 30% decline in client cash.
  • During the previous year, the CFD provider started offering share trading to its clients through a third-party provider.
Wednesday, 27/08/2025 | 06:22 GMT by Damian Chmiel
Brokers

CFD Broker Fortrade Posts 37% Jump in Operating Profit on Higher Trading Volumes

  • Revenue rose by 7%, and net profit reached £1.3 million, also higher than in 2023.
  • Moreover, the London-based brokerage nearly doubled its workforce while strengthening its balance sheet with £6.4 million in cash.
Tuesday, 19/08/2025 | 08:56 GMT by Damian Chmiel
Brokers

Saxo Capital Markets UK Profits Fall 32% Despite Client Growth Surge

  • Income slumped 32% to £7.6 million in 2024 as the online trading platform cut commission fees to attract customers.
  • The company gained 3,600 new trading clients but saw revenues drop £3.5 million due to the pricing strategy and lower market volatility.
Thursday, 24/07/2025 | 06:38 GMT by Damian Chmiel
Institutional FX

FX Services Firm Monex Europe Holding Limited Posts £2.3 Million Annual Loss

  • The company says it invested heavily in technology upgrades and business restructuring last year.
  • "The strategy is already showing results", commented JP Carriedo, Group Director of the European subsidiary.
Monday, 14/07/2025 | 07:19 GMT by Damian Chmiel
Analysis

EU Regulators Impose 970 Sanctions Worth €71 Million in 2024 Enforcement Push

  • Market abuse and investment services violations drew the heaviest penalties among all EU member states last year.
  • ESMA's first comprehensive enforcement report revealed significant differences in how different countries approach financial penalties.
Monday, 16/06/2025 | 09:08 GMT by Damian Chmiel
Brokers

XTB UK Posts 120% Jump in Annual Profit Despite Revenue Decline: “Transition from a Pure CFD Broker”

  • The UK trading platform's 2024 profit surged to £374K in 2024, but revenue fell to £4.5M.
  • The customer base grew by 59% while launching Investment Plans, ISA products, and ETF portfolio builders.
Wednesday, 28/05/2025 | 05:06 GMT by Damian Chmiel
Regulation

French AMF Shuts Down 181 Fraud Investment Sites in 2024 as Losses Hit Almost €30K per Victim

  • French financial regulator AMF reports average losses of €29,500 per investment scam victim in 2024.
  • It also imposed a record €26.5 million in sanctions across 60 prosecuted individuals and entities as digital fraud schemes proliferate.
Monday, 26/05/2025 | 13:33 GMT by Damian Chmiel
Institutional FX

Britannia Global Investments Cuts Loss 41% as Custody Assets Triple

  • Britannia Global Investments Limited reduced its annual loss to £1.14 million in 2024, down from £1.95 million in 2023.
  • It also grew revenue and significantly increased assets under custody to £1.23 billion.
  • Despite continued losses, the company remains well-capitalized with net assets of £7.63 million.
Tuesday, 13/05/2025 | 06:05 GMT by Damian Chmiel
Brokers

FX and CFD Broker LandFX UK Reports Net Loss in 2024 on 15% Revenue Decline

  • The broker reported a £24,350 loss for 2024, reversing from a £55,033 profit in 2023, with revenue dropping 15% to £508,629.
  • It maintained stable operating expenses while its cash position decreased by 60% to £96,525.
Monday, 12/05/2025 | 12:22 GMT by Damian Chmiel
Brokers

Sucden Financial Boosts Dividend by 50% as Return on Capital Nearly Doubles

  • The company’s full annual report reveals a 50% increase in dividend payments to £15 million.
  • It also expanded its global presence with a new Singapore branch and a German subsidiary that began operations in early 2025.
Wednesday, 07/05/2025 | 06:44 GMT by Damian Chmiel
Brokers

Equities Now Make Up 90% of Gildencrest Capital's Revenue, but Profit Without FX Drops 95%

  • UK-based broker reports equity trading now comprises most of the income as firm reduces retail client focus.
  • FX volumes, however, dropped by 75%, while revenues from equities increased by only 4%.
Saturday, 03/05/2025 | 06:35 GMT by Damian Chmiel
Brokers

Acetop UK Posts 160% Jump in Trading Volumes to $12B, Driven by Record Spot Gold Prices

  • Acetop Financial’s annual volumes tripled in 2024 to $12.1 billion, largely driven by increased activity in metals trading.
  • The company returned to profitability, reporting a net profit of £234,000 on higher revenue and steady client demand.
Monday, 28/04/2025 | 06:16 GMT by Damian Chmiel
FinTech

How Revolut Added 15 Million Users in Just One Year (While Doubling Profits)

  • Revolut's profit before tax jumped 149% to $1.4 billion in 2024 as its customer base grew 38% to 52.5 million.
  • The fintech company saw revenue surge 72% to $4 billion with particularly strong growth in crypto and wealth.
Thursday, 24/04/2025 | 06:51 GMT by Damian Chmiel
Brokers

Pepperstone UK Posts £9.9M Profit, Increases Trading Products to 1,400+ in 2024

  • The UK-based CFD broker maintains strong financial performance despite a slight revenue dip.
  • It also paid a £6.3 million dividend, the first such distribution since at least 2022.
Tuesday, 08/04/2025 | 06:10 GMT by Damian Chmiel
FinTech

Playtech CEO Sees “Landmark Year” as Company Exceeds EBITDA Targets in 2024

  • Playtech reported strong 2024 results with 5% revenue growth and an 11% increase in adjusted EBITDA.
  • The company is selling Snaitech for €2.3 billion, with plans to pay a special dividend of up to €1.8 billion to shareholders.
Thursday, 27/03/2025 | 09:33 GMT by Damian Chmiel
Institutional FX

New CEO Inherits a Money-Making Machine as Alpha Group Reports £123.1M Profit

  • The company reported 23% revenue growth to £135.6 million in 2024.
  • Profit before tax jumped 6% to £123.1 million as new CEO Clive Kahn takes over from founder Morgan Tillbrook.
  • Numbers were boosted by £84 million in interest income from client balances.
Wednesday, 19/03/2025 | 07:59 GMT by Damian Chmiel
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