ActivTrades announced that its estimated revenue for H1 2022 is higher than 2020 results, posting £32 million as well as profit before tax of £19 million.
Multi-asset broker ActivTrades reports turnover and profit for the company through mid-2022 with estimated revenue of £32 million and profit before tax of £19 million.
ActivTrades is a global forex broker founded in 2001 under the Commission de Surveillance du Secteur Financier (CSSF). Thus, ActivTrades is considered safe because it is regulated by top-level financial authorities.
Better Results than 2020
This figure exceeds expectations and is better than the results in 2020. This is because 2020 was the most challenging and tumultuous year following the high volatility caused by the COVID-19 pandemic. At the time, the FCA-regulated company reported group revenues of £30 million and pre-tax profit of £4 million.
ActivTrades has also seen an increase in new clients as well as an increase in trading volume amidst the socio-economic turmoil earlier this year which turned out to be driving the company's growth.
"We are delighted that the business continues to grow and develop, demonstrated by these excellent half-year results which we attribute to our growing client base, increased trading volumes and continued development of our platforms," said Alex Pusco, ActivTrades CEO. "Our continuous investment in new technologies and top talent, providing our customers with the best possible trading conditions, is what makes ActivTrades the number one choice for many traders around the world."