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 2023, led by active Spot Gold trading among its clients.
Revenues at Acetop increased by more than 300% in 2023, coming in at £757K versus just £181K in 2022. We’d note, however, that Acetop did more than £1.8 million in Revenues as recently as 2019.
Acetop reported a small net loss of £13K for the year, versus a loss of £335K last year.
The company’s principal activity is the provision of regulated products and services relating to spread betting and contracts for difference (CFDs). Total notional trading volumes at Acetop stood at close to $4.65 billion for 2023 (2022: $3 billion), with a focus on Spot Gold. The majority of flow was driven through the company’s outsourced liquidity, which was…
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