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 of products offered to in excess of 1,400. Pepperstone UK partners with TradingView as an additional platform provider.
Pepperstone UK’s 2023 income statement and balance sheet follow.
