ThinkMarkets UK Reports Revenue Drop and Net Loss in 2024

ThinkMarkets UK reports a 26% revenue drop in 2024, posting a small net loss despite increased client activity and growth.

Key points:

• Revenues fell 26% in 2024, leading to a £9.7K net loss.
• The active client base grew by 12%, and first-time deposits rose by 46%.

TF Global Markets (UK) Limited, the FCA-regulated UK arm of Retail FX and CFDs broker ThinkMarkets, has announced its financial results for 2024, revealing a decrease in activity and revenue, culminating in a modest net loss for the year.

The company reported £1.80 million in revenue for 2024, a 26% decline from £2.43 million in 2023. Additionally, ThinkMarkets UK posted a net loss of £9.7K, a sharp contrast to the £83K profit recorded the previous year. The downturn in revenue and profits has been attributed to reduced market activity and challenging trading conditions.

ThinkMarkets UK Reports Revenue Drop and Net Loss in 2024

Client funds at ThinkMarkets UK also experienced a significant dip, falling by 30% from £2.57 million at the end of 2023 to £1.80 million in 2024. This decrease reflects the broader trends in the financial sector, with global market volatility and economic uncertainty affecting investor behavior.

Despite these declines, ThinkMarkets UK emphasized that it performed strongly across several key metrics in 2024. The company attributed its positive performance to increased business volumes spurred by fluctuating industry conditions, the ongoing global financial uncertainty, and a strategic focus on attracting and retaining high-value clients.

Additionally, one of the bright spots in ThinkMarkets UK’s performance was its active client base, which grew by 12% in 2024, a stark contrast to the 10% decrease reported in 2023. Continued investments in marketing, including advanced marketing technology and strategic advertising campaigns designed to boost the brand’s visibility, drove this growth.

Furthermore, the number of clients making first-time deposits rose by 46% in 2024, although this was a slowdown from the 89% increase seen in 2023. The company remains optimistic, describing this as a sign of healthy growth and sustained client confidence in its offerings.

ThinkMarkets, led by brothers Faizan and Nauman Anees, continues to target high-net-worth clients in tier-one markets, aiming to capitalize on its proprietary trading platforms and diverse product offerings.

The company will make its financial statements, including the income statement and balance sheet for 2024, available for review.

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