FNG Exclusive… FNG has learned that Pepperstone Limited, the London based, FCA licensed arm of Australia based Retail FX and CFDs broker Pepperstone, saw a nice increase in activity in 2022 leading to a 36% increase in Revenues from £7.9 million in 2021 to £10.7 million (USD $13.1 million) last year. Pepperstone has a June 30 fiscal year end.
On the bottom line Pepperstone UK saw profits more than double from £1.6 million in 2021 to £3.8 million (USD $4.6 million) in 2022.
The company said that the growth of the business is evident in the revenue earned and number of client trends since Pepperstone IK started operating in 2017. It is also worth noting that 2020 had an exceptional revenue (£12.7 million) and profit (£6.3 million) due to market volatility in that year as a result of COVID19, but also that the company still had…
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