Pepperstone Limited, the London based, FCA licensed arm of Australia based Retail FX and CFDs broker Pepperstone, saw a nice increase in activity and profitability in 2023 for the second year in a row as the company continues to focus on international expansion.
Following a 36% increase in 2022, Pepperstone UK posted a 30% rise in Revenues for 2023 to £13.9 million (2022: £10.7 million). Pepperstone has a June 30 fiscal year end.
On the bottom line Pepperstone UK saw profits more than double from £3.8 million in 2022 to £10.0 million in 2023.
As at the year ended 30 June 2023, the balance of client funds held within segregated accounts was £25.2 million (2022: £28.9 million).
During the year the company launched more than 215 new products across various asset classes taking the total number…
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