Pepperstone Limited Sees 86% YoY Increase in Revenue in FY2020

Pepperstone Limited, a wholly-owned subsidiary of Pepperstone, recently posted its financial figures for FY2020, ending on June 30, 2020, showing a deep rise in revenue and profits.

More specifically, the broker registered a revenue of £12.7 million, 86% higher than a year ago. That number for 2019 is £6.8 million. The number of clients increased to 7,652, compared to 5,219 in 2019. Pre-tax profits came in at £7.7 million, up 140% from the previous years’ £3.2 million. In addition, net profit of 2020 reached £6.27 million.

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Pepperstone Limited offers clients trading services with leveraged forex and CFDs products. It generates its revenue from commissions and spreads against rolling spot FX, CFDs, and spread bets, and has no traded market risk.

Pepperstone is expanding its CDFs offerings​ by adding share CFDs from global markets, specifically with the shares of the United Kingdom, Germany, and Australian companies. The new shares will be added to the MetaTrader 5 trading platform.