ActivTrades Posts Strong 2024 Financial Results: A Turnaround?

ActivTrades plc has released its 2024 financial results, marking a significant turnaround from a difficult 2023. The UK-based brokerage firm reported a 36% jump in annual revenue to £37.6 million (USD $51.4 million), up from £27.5 million the previous year. After posting a £6.7 million loss in 2023, the company returned to profitability in 2024 with a net profit of £4.1 million.

Following a large £11 million dividend payout in 2023—largely redirected to fund CEO Alex Pusco’s fintech venture, StreamBank—ActivTrades adopted a more conservative financial approach in 2024, distributing only £1.5 million in dividends. This strategic move helped the company grow its capital base to over £41 million by year-end.

ActivTrades Posts Strong 2024 Financial Results: A Turnaround?

The Group’s client acquisition also surged. In 2024, ActivTrades identified 192,706 potential clients, with 13,285 converting to funded accounts—an 80% increase year-over-year. Active clients rose slightly to 28,898 from 27,943 in 2023.

Although total client deposits fell to £82.8 million from £103.4 million, withdrawals dropped even more significantly to £57.0 million (from £80.8 million), resulting in a 14% increase in net deposits, which reached £25.8 million.

However, average monthly trading volume dropped 37%, with clients executing trades worth an average of $41.1 billion monthly.

Operational expenses rose modestly. Direct cost of sales increased to £3.2 million, and administrative expenses (excluding FX revaluations) reached £31.5 million, largely due to the wind-down of operations in Luxembourg.

ActivTrades continued expanding internationally. With operations already in the Bahamas, Portugal, Luxembourg, Brazil, and a technology hub in Sofia, Bulgaria, the firm is strengthening its global footprint. The Sofia branch—responsible for IT, risk control, and back-office support—had an average headcount of 126 in 2024, down from 145 in 2023.

ActivTrades remains focused on innovation, local market engagement, and product development as it looks to sustain momentum in 2025.

Lastly, take a look at the Best Forex Brokers according to our experts.