Activtrades Posts Record First Half Results as New Accounts Boom

The London-based brokerage has benefited from the volatile trading environment this year with the brokerage registering record revenue and profit for H1 2020.

Revenue rose to £30.9 million in the first half of 2020, almost four times higher than the £8 million registered in the same period last year and already well above the £20.6 million it recorded for the whole of 2019.

 

This year is poised to be the most profitable ever for the company, with first half profit at £19.2 million.

“We are very pleased with this performance. We were expecting a strong year but this goes beyond our estimates and bodes well for future growth,” said ActivTrades CEO Alex Pusco. “The return of volatility globally has helped and we have also seen a strong increase in clients in various regions. At this turbulent time for markets, ActivTrades has benefited from its reputation as one of the most efficient and trusted online brokerages”.

ActivTrades registered an impressive 72% increase in the number of new client accounts in the second quarter of 2020 compared with the same period a year ago, with many of the new clients adopting the new web-based ActivTrader platform.

“These impressive numbers also highlight the success of our new platform ActivTrader, which is easy to use, very innovative and offers fast order execution. Clients are certainly rewarding us for this upgrade,” said Pusco.

ActivTrades also gained from the expansion of its product range.

The brokerage has been adding multiple new products to its offering this year. Among them are CFDs on more than 100 new shares around the world and two innovative CFDs tied to the spot price of WTI and Brent. Unlike traditional CFDs on oil futures, these contracts do not need rolling over to future dates as they do not have an expiry date.

The fast and targeted response to the unexpected events allowed ActivTrades to strengthen its position in the market.

“We developed these products extremely quickly after the unforeseen dive in prices of near-expiry oil futures this spring,” explained Alex Pusco “We wanted to offer our clients an alternative solution to be able to gain exposure to oil prices without having to worry about rolling over their positions.”

With CFDs there are no commissions with the only cost being the bid/ask spread applied by the broker. A swap rate may apply to keep positions open overnight while there are no additional costs for intraday trading.

ActivTrades is a multiple award-winning brokerage and has been in operation since 2001. Besides its headquarters in London, it has offices in Milan, Nassau and Sofia.