FNG Exclusive… FNG has learned via regulatory filings that FCA licensed Retail FX, CFDs and spread betting broker Acetop Financial Limited (website: acetop.uk) saw a significant increase in activity in 2024, for a second consecutive year, led by active Spot Gold trading among its clients.

Revenues at Acetop increased by 22% in 2024 to £923K (2023:£757K). We’d note, however, that Acetop did more than £1.8 million in Revenues as recently as 2019. Acetop reported a net profit of £234K for the year, versus a loss of £13K in 2023.

The company’s principal activity is the provision of regulated products and services relating to spread betting and contracts for difference (CFDs). Acetop’s primary revenue streams in 2024 came from both its trading activities—providing liquidity to retail, professional, and corporate clients—and outsourced services. Total notional trading volumes reached $12.1 billion in 2024 (compared to $4.65 billion in 2023), with a strong focus on Spot Gold. The majority of this volume was driven through outsourced liquidity, predominantly matched with institutional partners.

The UK office remains a hub for serving Acetop clients both domestically and internationally, with a modest intake of new clients onboarded in 2024.

About Acetop

Acetop Financial was incorporated in early 2016, and received its FCA license in September 2017. Acetop UK has been run since 2019 by CEO Mark Gemma, formerly with Henyep (now HYCM) and Xtrade. The company’s parent Acetop International Financial Group Limited is incorporated in the British Virgin Islands. Acetop is controlled by Chinese national Wing Suen Lau, now resident in Hong Kong. The Acetop group also operates the acetopgold.net online trading website under the same brand, catering to Chinese traders.

Acetop Financial’s 2024 income statement and balance sheet follow: