FxPro UK reports solid growth in revenue and trading volumes for 2024
FxPro UK sees surge in volume
FxPro UK, a leading FCA-regulated provider of online trading services, has released its strategic and financial report for the year ended 31 December 2024.
The company recorded a significant increase in revenue and a sharp surge in trading volumes amid broad geopolitical instability.
Revenue and profitability
According to the report, FxPro UK’s annual revenue rose by 42%, reaching £1.94 million, compared to £1.37 million in 2023. This growth was primarily driven by elevated client activity across various asset classes and increased market volatility, particularly related to the Israel-Gaza conflict. Net profit remained stable at £155,139, slightly up from £153,103 the previous year, demonstrating effective cost management and the resilience of the company’s operating model.
Trading volume surge
One of the most striking figures was the notional trading volume, which soared by 70% year-on-year to reach $80 billion. Management attributed this rise to intensifying geopolitical tensions and the resulting market volatility. The increase in trading activity reflects greater client engagement and trust in the platform during turbulent times.
Assets and liquidity
Despite a decrease in total assets to £5.01 million (down from £5.82 million in 2023), the company’s net asset value rose to £3.72 million from £3.56 million. Cash and cash equivalents, however, dropped by over £1.1 million to £2.48 million, likely due to reinvestments in operations and technological infrastructure.
Expenses and cost structure
Administrative expenses grew to £1.44 million, driven by higher staff costs, professional services, and software investments—highlighting FxPro’s commitment to strengthening its technology and compliance capabilities. Meanwhile, selling and marketing expenses declined to £294,149, suggesting a more efficient client acquisition strategy.
Risk and regulatory environment
Despite global challenges—including the ongoing war in Ukraine and new U.S. trade tariffs—FxPro UK reported no direct impact on its operations. The company reaffirmed its strong legal, IT, and compliance infrastructure, including robust disaster recovery and business continuity plans.
Capital and regulatory compliance
The company’s regulatory capital base improved, reaching £3.72 million. FxPro confirmed full compliance with FCA capital requirements and highlighted the effectiveness of its Internal Capital Adequacy and Risk Assessment (ICARA) system.
Outlook
The Board of Directors does not anticipate major strategic changes in the near term but remains cautious amid global economic uncertainties. With a solid capital foundation, scalable infrastructure, and a disciplined operational model, FxPro UK is well-positioned heading into 2025.
Previously, FxPro announced the launch of a new trading instrument—Contracts for Difference (CFDs) on the Russell 2000 spot index (US2000).
