Trading 212 Reports 67% Revenue Growth, Profit Nearly Doubles
Trading 212 UK, the broker behind a wave of app-based investing in Britain, booked a sharp increase in revenue and profit last year, driven by strong demand across its brokerage operations and new product launches.
The online broker’s group revenue rose 67.2% year on year to £194.1 million in 2024, according to a Companies House filing. Profit before tax almost doubled to £59.6 million, from £32.3 million in 2023. Net profit came in at £43.8 million, compared with £23 million a year earlier.
The UK entity remained the group’s main engine, generating £161.7 million in revenue and £39.7 million in net profit. Investment brokerage services accounted for £150 million, with the balance from interest income. The Cypriot arm more than doubled revenue to £42.2 million, while German brokerage FXFlat — acquired in July 2024 — contributed more than £1 million.
The group operates subsidiaries in the UK, Bulgaria, Cyprus, Australia and Germany, with new clients migrating to FXFlat beginning in January 2025.
Rising Costs, largeger Client Base
Administrative expenses rose 55% to ÂŁ153.7 million, reflecting higher marketing spend. Net assets increased from ÂŁ164.2 million to ÂŁ205.2 million despite ÂŁ3 million in dividends.
Trading 212 highlighted a surge in client activity. Funded Invest and ISA accounts were up 52%, monthly active users rose 85% and monthly active traders jumped 113%. The total value of client deposits grew 286%, while custody assets increased 130%. Client money balances climbed more than fourfold.
The company credited its zero-commission model and mobile-first platform with broadening access to investing. Fractional share trading, portfolio-building tools, and high interest on cash deposits were cited as drivers of growth.
In May 2024, the broker launched a Cash ISA in the UK, offering flexible withdrawals and no account fees alongside competitive interest rates. It also rolled out a debit card linked to general investment accounts, allowing spending with cashback.
Other initiatives included 24/5 trading access, enabling users to trade outside traditional market hours, and in-specie portfolio transfers, letting clients move investments without liquidating holdings.
 was the first retail UK broker to offer commission-free trading and its core product portfolio consists of stocks, ETFs, FX, and derivatives products. In its most recent filing with the UK Companies House, it said much of the growth came from younger investors attracted by its “mobile-first platform” and “competitive interest rates” on idle cash.
While it still offers leveraged CFD trading, the firm says its focus remains on long-term investment tools. It welcomed recent regulatory changes that allow fractional shares to be held in ISAs, calling it a boost for retail investors.
In January, payment card issuer Marqeta supported Trading 212’s launch into 20 countries across continental Europe. The new  allows over 3 million customers in the UK and Europe to integrate their spending and investing activities.
In Cyprus, Trading 212 has turned to a seasoned fintech operator to build out its crypto arm, hiring Christos Drakos, formerly of Revolut, ETX Capital and ArgusFX, to run digital asset operations.
The appointment came as the broker prepares to roll out regulated crypto services under its Cypriot crypto license.
Drakos is no stranger to the island’s financial sector. At Revolut he served as executive director for more than three years, overviewing operations at the group’s Cyprus entity, which holds a  (CASP) registration with the Cyprus Securities and platform Commission (CySEC). He previously held senior roles at ETX Capital, once a mainstay of the contracts-for-difference (CFD) market, and ArgusFX, a Cyprus-based investment firm.
Earlier this year,  following the departure of Andrew Bole, who had led the board since 2020. Dixon, previously a non-executive director and audit chair, stepped in as the company scaled its international presence.
