A prominent retail Forex and CFDs broker based in Dubai has reported exceptional financial performance for the year 2024, marking significant growth compared to the previous year, thereby solidifying its reputation as a leading entity in the industry.
According to recently released audited financial statements, the company’s revenue rose to approximately $361.9 million in 2024, reflecting an impressive 18% increase from the $306.6 million recorded in 2023. Additionally, earnings before interest, taxes, depreciation, and amortization (EBITDA) experienced a remarkable 24.5% rise, climbing from $228.8 million to $284.9 million year-over-year. This achievement showcases the firm’s robust global expansion, technological advancements, and dedication to providing outstanding value to its extensive client base.
The net income also demonstrated a strong upward trajectory, with a 16% increase from $226.8 million in 2023 to $264.1 million in 2024. This growth underscores the firm’s operational efficiency and continuous profitability.
Managing daily trading volumes exceeding $25.6 billion, the broker caters to a diverse client base of over 2 million traders across 100 countries. It operates under the regulation of 17 financial authorities worldwide, which contributes to its credibility in the market. The group emphasizes its commitment to delivering cost-effective trading solutions and innovative financial products through user-friendly online trading platforms equipped with advanced technology.
Originally founded in California in 2005, the broker has established itself as a global leader in financial derivatives, servicing an expanding clientele and achieving remarkable trading volumes. The organization is renowned for its innovative trading solutions and effective regulatory compliance, providing a wide range of brokerage and asset management services. Notably, the firm offers leverage up to 500:1 across various products, including Forex, metals, shares, commodities, indices, and cryptocurrencies. Its excellence in trading has garnered over 70 prestigious awards for both performance and regulatory adherence.
Continuing on this trajectory of growth, the organization aims to further reinforce its market position by offering world-class financial solutions designed to empower traders and institutions globally. With these achievements, the firm looks forward to building upon its success and addressing the evolving needs of its clientele in the coming years.