Fortrade financial stability strengthens in 2024

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Andrey Mastykin

19.08.2025

Fortrade financial stability strengthens in 2024 — Fortrade net profit up 30% in 2024

Fortrade, a multi-regulated broker specializing in Forex and CFD trading, has reported a significant improvement in its financial performance for the year ended 31 December 2024. The company’s latest strategic report highlights resilience against strong competition and volatile market conditions. The directors described the results as satisfactory and confirmed that the firm is well-positioned for long-term growth.

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Rising Revenue and Profitability

According to the report, turnover increased to £21.18 million, up from £19.79 million in 2023, reflecting the broker’s ability to expand operations in its core markets. Gross profit rose to £5.41 million (2023: £4.42 million), while operating profit climbed to £1.34 million, compared with £921,000 the previous year. Overall, profit after tax reached £1.37 million, representing year-on-year growth of more than 30%.

The directors noted that while overseas expansion remains under consideration, the company expects its existing client base in the UK and Europe to remain the primary driver of profitability.

Strong Balance Sheet

The company closed the year with net assets of £13.94 million, up from £12.56 million in 2023. Cash at bank more than doubled to £6.4 million, supported by stronger operating cash flows and prudent liquidity management. Fortrade also confirmed full compliance with the UK Financial Conduct Authority (FCA) capital requirements under the new Investment Firm Prudential Regime (IFPR).

Risk and Liquidity Management

The report emphasized a prudent approach to risk management. Market risks are largely neutralized by hedging client positions, foreign exchange risks are overseen by the finance department, and credit risk is reduced through margin requirements and strict client monitoring. Liquidity is maintained through regular forecasting and the preservation of a high level of liquid assets.

Operational risks, particularly those related to IT failures, are mitigated through backup systems and disaster recovery programs.

Governance and Outlook

The company’s leadership underscored its commitment to clients, as well as to compliance, transparency, and engagement with stakeholders, highlighting close cooperation with the FCA. No dividend will be paid for the year, with profits retained to reinforce capital and support future growth.

Looking ahead, Fortrade’s management expressed confidence in maintaining steady growth despite competitive pressures, relying on strong financial foundations, effective risk controls, and continued investment in technology and staff.

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