FNG Exclusive… FNG has learned that Retail FX and CFDs broker Capital.com is planning to make a big push to (further) increase its UK business in the coming months.

To help backstop and support this growth, the Capital.com group has injected a further £2.5 million (USD $3.0 million) of capital into the UK arm of the group, Capital Com (UK) Limited, more than doubling the company’s core capital to £4.7 million.

Capital.com operates licensed subsidiaries in the UK, Cyprus (serving the EU), and Australia. The company, and its sister brands crypto trading platform Currency.com and soon-to-be-launched share trading site Shares.com, are controlled by British tech entrepreneur Victor Prokopenya.

In 2021, Capital.com UK increased its revenue significantly to £15.4 million from just £2.0 million in 2020, with profits rising from £1.0 million to £1.9 million. Client assets grew from £9.5 million in 2020 to more than £20 million as at year-end 2021. And earlier this year the company hired one of the most recognizable names in the UK online trading industry, former IG Group CEO Peter Hetherington, as CEO of the Capital.com / Currency.com / Shares.com operations.

FNG spoke with a senior spokesperson at Capital.com, who said:

“The UK is a strategically important market for the Group and this investment reflects our commitment to further grow and expand in the UK.”