Trading 212 Reports 300%+ Growth in Revenue in FY2020

Fazzaco learned that the online FX and CFD broker Trading 212 has posted its financials for the year of 2020, showing a jump in revenue compared to the prior year.

More specifically, the broker registered a revenue of £124 million (USD $166 million), up more than 300% compared to the previous year's £29.7 million.

Additionally, the pre-tax profits rose to £15.2 million, 60 percent higher than that of 2019. The company's profits reached £10.1 million in 2020, indicating an increase of 40% than 2019's £7.2 million.

Moreover, the broker also pointed out that the client money and asset balances on its platform jumped from £30 million in 2019 to £2.1 billion in 2020. 

External factors have also contributed to the significant demand for T212's services and include both the well-publicised surge of public interest in the stock markets seen in early 2021 as well as the COVID pandemic. This demand has translated into increased account openings, transaction volumes, and significant increases in both new and existing user activity, according to the broker.