FCA regulated, London based online brokerage ActivTrades announced today that it is on track to post its best ever half-year results, thanks to an increase in trading volumes and strong growth in the number of clients.

With only a few hours to go to the end of the second quarter, the company said that it has recorded £30 million in revenue for the first half of 2020 – more than trebling the £8 million brought in during the same period last year and already well above the £20.6 million of revenue it recorded for the whole of 2019.

The company said that this year is poised to be its most profitable ever, with first half profit expected to be a record £18 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’ record performance came amidst the Covid-19 crisis, which has seen trading volumes climb and sparked a surge in volatility on markets, lifting both top and bottom lines for the brokerage – a phenomenon we have seen across many of the leading Retail FX brokerages worldwide.

The company said that it also gained from the expansion of its product range and the addition of new clients, many of whom are 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 noted that it 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.

“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 has been in operation since 2001. Besides its headquarters in London, ActivTrades has offices in Milan, Nassau and Sofia.