FX Broker - Fintech Intelligence — FX, Payments & Regulatory News

IG Group Limited's profit before tax fell 51% to £78.5 million for the year ended May 31, 2021, as dividend income from subsidiaries halved.

IG Group Limited reported profit before tax of £387.6 million for the year ended May 31, 2022, up 393% from £78.5 million the prior year.

IG Group Limited reported profit of £429.6 million for FY2023, up 11% from the prior year, driven by increased dividend income from subsidiaries.

Saxo Capital Markets UK reported profit after tax of £13.2 million for 2020, up from £4.3 million, as pandemic volatility drove trading activity.

Saxo Capital Markets UK posted £12.4 million profit after tax for 2021, down 6% year-over-year, as client assets grew to £1.62 billion.

Saxo Capital Markets UK reported an 18% revenue decline to £26.2 million and profit after tax of £10.5 million for the year ended December 2022.

Saxo Capital Markets UK reported £11.2 million profit for 2023, up 7% year-over-year, as assets under management rose 25% to £2 billion.

Trading 212 UK reported £94.1 million revenue for 2021, up 73% year-over-year, with profit after tax more than doubling to £45.3 million.

Trading 212 UK reported £41.1 million profit on £98.7 million revenue for 2022, with client assets reaching £1.92 billion.

Trading 212 UK reported £30.4 million profit after tax for 2023, down 26% year-over-year despite surging interest income.

Category: FX Broker