A prominent Dubai-based retail Forex and CFDs broker has reported a remarkable financial performance for the year 2024, achieving record levels in both revenue and profitability. This achievement underscores the company’s position as a leader within the global financial services industry.
The latest audited financial statements reveal that the firm’s revenue reached an impressive $361.9 million in 2024, reflecting an 18% increase from the previous year’s revenue of $306.6 million. In addition to revenue growth, EBITDA saw a significant surge of 24.5%, climbing to $284.9 million compared to $228.8 million in 2023. Such accomplishments exemplify the company’s global expansion, ongoing technological advancements, and unwavering commitment to delivering exceptional value to its clients worldwide.
The financial boost was not limited to revenue and EBITDA; net income also experienced a 16% rise, increasing from $226.8 million in 2023 to $264.1 million in 2024. This increase emphasizes the firm’s strong operational efficiency and sustained profitability throughout the year.
The organization’s daily trading volume is impressive, averaging over $25.6 billion, and it caters to a diverse client base of more than 2 million traders across 100 countries. With licenses from 17 global financial regulators, the broker has set industry benchmarks through its user-friendly online trading platforms and has utilized cutting-edge technology to deliver competitive trading solutions and exceptional financial products.
Originally founded in California in 2005, this broker has evolved into a prominent player in the financial derivatives market, serving clients worldwide. Its services extend beyond trading, as it offers asset management solutions and maintains robust regulatory compliance across several continents. The broker is known for its innovative trading solutions and exceptional customer service, which have contributed to its recognition and success in the financial marketplace.
The company’s trading platforms provide clients with the opportunity to utilize leverage ratios of up to 500:1 across a diverse array of products. These include Forex, metals, shares, commodities, indices, and cryptocurrencies, catering to a wide range of trading preferences. Over the years, the organization has garnered more than 70 awards for its trading excellence and adherence to regulatory standards.
This remarkable financial growth and ongoing expansion highlight the company’s dedication to providing world-class financial solutions. As the organization continues to build on its success, it remains focused on innovation and nurturing client trust within the competitive financial landscape.