FXStreet hits €8M revenue and 55M sessions in 2020
Trader information portal FXStreet has released some of its top line and user figures for 2020, indicating significant growth leading to record results for the Barcelona based company.
FXStreet said that it added nearly 10 million users last year, jumping 79% from 12 million users in 2019 to 21.5 million in 2020. The site grew 48% in sessions, jumping from 37 million sessions in 2019 to 54.7 million last year. In page views, the site grew 38%, going from 64 million page views in 2019 to 87 million in 2020.
FXStreet noted that all of its top-five geographic locations (by country) sending traffic to FXStreet’s various websites grew over 100% in 2020 – U.S., Australia, Canada, India – except the UK, which grew “only” by 20%.
In terms of revenue, FXStreet said that it broke the €8 million mark for the first time, up 18% versus 2019 to reach €8,045,000. Over the past two years FXStreet’s revenue has grown almost 40%, jumping from €5.6 million in 2018 to €8.0 million as noted last year.
The increase in FXStreet’s financial results and usage during 2020 shouldn’t come as much of a surprise, as the sector it serves – the Retail FX industry – had a stellar year, as record volatility ensued in the wake of the COVID-19 pandemic from February 2020 and on. Publicly traded Retail FX brokers saw their shares soar by more than 200% in 2020.
FXStreet is one of the leading FX industry affiliates, earning most of its money via posting affiliate ads for various FX brokers. The company offers websites in English and 16 other languages. The company offers a wide variety of tools for FX and CFD traders including real-time exchange rates and charts, forex news, economic calendars, market analysis, trading newsletters, customizable technical studies, live webinars, and forex broker comparison tools.