Exinity UK Limited, the FCA regulated arm of brokerage umbrella group Exinity, has reported its financial results for 2024 indicating a slight decline in Revenues but an increase in profitability in 2024.
Revenues at Exinity UK came in at £1.8 million in 2024, down by 14% from £2.1 million in 2023. Net Profit of £343K was up by 61% from £213K the previous year.
Client money held by Exinity UK totaled £362K as at year-end 2024, versus £596K in 2023.
Exinity UK is an online financial services provider regulated by the Financial Conduct Authority, which acts as a matched principal broker in the retail CFD markets. The revenue of the Company derives from volume-based commissions and service charges received from an associated company, Exinity Limited under an intermediary agreement between these companies, as all client trades of the Company are matched with Exinity Limited in its capacity as the Company’s liquidity provider. Revenue is recognised from service fees charged to Exinity Limited.
The Company’s Key Performance Indicators (“KPIs”), which management uses to assess and monitor the business and its performance, are comprised mainly of new accounts opened, volumes traded, and overall profitability. In 2024 the Company opened 476 (2023: 347) new accounts, of which 79 (2023: 190) had received funds deposited by clients before the end of the year.
The Exinity Group was launched in 2020, as an umbrella group comprising the various retail FX/CFD businesses owned by Andrey Dashin, including brokerage brands FXTM and Alpari, and more recently the Nemo investing app and the Pulse gaming platform.
