For the twelve months ending December, ActivTrades reported its revenues at £50.17 million, which reflected a sizable jump of 50 percent year-over-year from £33.37 million in the year prior. Net profit was also a large mover in 2022, climbing to £16.28 million from just £3.44 million in 2021.
Furthermore, ActivTrades saw steady gains in client acquisitions throughout 2022. Specifically, the broker says it identified 174,998 potential new clients, out of which 8,118 became customers with funded accounts, representing a 2% increase compared to 2021. The number of actively trading clients at the end of the year stood at 20,339, showing a 5% growth from the previous year’s figure of 19,448, according to the latest Companies House filing.
Total deposits from clients in 2022 amounted to £103.1 million, a rise from £95.7 million in 2021. Additionally, total withdrawals reached £55.9 million, compared to £52.7 million in the previous year. Consequently, net deposits increased by 10% to reach £47.3 million in 2022, compared to £43.0 million in 2021.
The monthly trading volume, measured as the total notional value traded by ActivTrades’ customers, averaged $51.8 billion in 2022, representing a 24% decline compared to the previous year.
While ActivTrades historically held the bulk of its market share in Western European countries, it has recently focused on expanding its client base in newer markets, particularly in Latin America.
ActivTrades is an FCA-regulated broker that operates three branches of the business outside the UK, in Italy, Bulgaria, and in Dubai. The branch in Sofia, established in 2012, handles all the technical aspects of ActivTrades business, as well as the responsibility for risk control, and some client services.
Beyond strengthening its position in its homeland, ActivTrades has been actively growing abroad. The company made headlines recently after it updated its trading offering to provide its clients with the opportunity to trade fractions of stocks.
The multi-regulated broker rolled out a fractional trading feature as a way to lower the bar for young investors. The feature allows small-bucks traders to diversify their portfolios by spreading their relatively small capital over a broader range of stocks.
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