FCA regulated MT4 broker ActivTrades has just reported its financial results for what seems to have been a very successful 2015.
ActivTrades, which is controlled by Swiss entrepreneur Alex Pusco who still serves as the company’s CEO, saw Revenues grow by a very healthy 27% in 2015 to hit £31.4 million (USD $46 million), leading to a more than doubling of its bottom line net profit to £9.6 million (USD $14 million) for the year.
And it looks like the company is not done growing just yet. ActivTrades is plowing back most of its earnings into the company, paying out a dividend of just £2.8 million.
As at year-end ActivTrades reported more than 10,000 clients actively trading each month.
ActivTrades reported £34 million in net client deposits during 2015, up 23% from 2014.
ActivTrades seems to have gotten through the Swiss Franc spike fairly unscathed. The company reported that it had to write off just £1.1 million of negative client balances during 2015.
While most of ActivTrades’ business and volume comes from Europe-based clients, the company has been making a concerted effort to attract new customers from outside the continent. In 2015 non-EU clients grew to be 36% of the total, with 18% of funded accounts during the year coming from Latin America, 5% from Russia, 4% from China and 3% from the Middle East.
Within Europe, the company’s main markets remain Germany, Italy, France, Spain and Portugal.
London-based ActivTrades operates two branches outside the UK, in Italy and Bulgaria. The Milan, Italy office was opened in 2011 to support the promotion of ActivTrades to Italian customers, and employs just 3 people. The company’s larger branch in Sofia, Bulgaria now employs more than 100 people and handles all the technology aspects of the company’s business. The rest of the company’s 179 employees are in the UK.
ActivTrades reported a capital base of £28.7 million at year-end 2015.
ActivTrades’ 2015 income statement: