ActivTrades Reports Strong Financial Recovery in 2024 with increased revenue, profitability, and global expansion efforts driving growth.
ActivTrades Reports Strong Financial Recovery in 2024 with increased revenue, profitability, and global expansion efforts driving growth.
ActivTrades’ Strong Financial Recovery 2024 was marked by a sharp rebound from the firm’s poor 2023 performance. ActivTrades plc achieved a 36% revenue increase, rising to £37.6 million from £27.5 million. The broker also shifted from a £6.7 million loss to a £4.1 million profit. This comeback was supported by a reduced dividend payout of £1.5 million. The strategic shift helped stabilize the company’s capital position and signaled renewed financial strength.
The reduced payout allowed the firm to strengthen its capital reserves, closing the year with over £41 million in capital. Meanwhile, client acquisition efforts yielded positive results. ActivTrades identified 192,706 potential new clients, of which 13,285 opened funded accounts, an 80% rise year-over-year. The broker ended 2024 with 28,898 active traders, reflecting a 3% increase from the 27,943 active at the end of 2023.
Although total client deposits dropped to £82.8 million from £103.4 million, net deposits rose by 14% to £25.8 million, as withdrawals also decreased. Despite this improvement, monthly trading volumes averaged 41.1 billion USD, marking a 37% decline from the previous year. On the cost side, the Group’s direct cost of sales rose 20% to £3.2 million, while administrative expenses, excluding foreign exchange revaluations, decreased slightly to £31.5 million from £34.8 million.
This was attributed in part to the winding down of operations in Luxembourg. Internationally, ActivTrades continued to pursue its growth strategy by expanding its global footprint and improving customer service. The Group maintained operations in the Bahamas, Luxembourg, Portugal, and Brazil. It also operated a key branch in Sofia, Bulgaria, where 126 employees focused on IT and back-office services.
The branch played a vital role in product development and risk management. Additionally, in 2023, the company transitioned its Italian branch from Luxembourg to its Portuguese subsidiary, ActivMarkets Empresa de Investiménto S.A, for administrative alignment. Through these strategic moves, ActivTrades reinforced its global presence and prepared for further innovation in 2025.
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