Trading 212 UK reports record 2024 performance
Trading 212 UK revenue climbs 55 percent
Trading 212 UK Posts Strong Financial Results for 2024, Cementing Growth in Retail Trading and Wealth Management
London-based fintech company Trading 212 UK has reported impressive financial results for the year ending December 31, 2024, highlighting its rapid growth in the retail trading and wealth management market.
According to the company’s report, post-tax profit reached £39.7 million, a 31% increase from £30.4 million in 2023. Revenue surged by 55% to £161.7 million compared to the previous year.
Revenue and profitability growth
Trading 212's revenue growth from £104.1 million in 2023 to £161.7 million in 2024 underscores the continued expansion of its market presence and the strong appeal of its proprietary platform. Pre-tax profit also rose significantly to £52.9 million from £38.7 million the year before. Net assets increased to £156.2 million from £130.1 million, despite dividend distributions totaling £13.6 million.
Key financial metrics:
Revenue: £161.7 million (+55%)
Profit before tax: £52.9 million (+37%)
Net profit: £39.7 million
Net assets: £156.2 million (+20%)
Cash and cash equivalents: £100.5 million
User growth and product development
The company achieved outstanding growth across key user activity indicators:
Funded Invest/ISA accounts up 79%
Monthly active users up 92%
Monthly active trades up 118%
Total client deposits surged 272%
Custody assets increased 121%
Among the key innovations in 2024 were the launch of a high-yield Cash ISA in May and the debut of the Trading 212 debit card in January, offering cashback and convenient fund access. The firm also introduced 24/5 trading and in-specie portfolio transfers.
Operational focus and risk management
Trading 212 UK significantly increased marketing spending by 119% to £39.5 million to boost client acquisition and retention. The company continued to strengthen its risk management through hedging of CFD exposures, precise liquidity control, and a robust internal audit and compliance framework.
Outlook
With its strategic focus on brokerage and savings products, Trading 212 plans to expand its app-based investment services and launch new features. Combined with strong financial performance and a growing user base, the company is solidifying its position as a leader in digital brokerage.
Notably, in 2024, Trading 212 obtained a Crypto Asset Service Provider (CASP) license from the Cyprus Securities and Exchange Commission (CySEC).
