CMC Markets with £409.8 mln in net income for the first quarter
The CMC Markets broker has disclosed its financial results for the first quarter of 2021. Key figures include net operating income of £409.8 mln (up 63% compared to the first quarter of 2020).
For CFDs, revenue per active client increased by 22% to £4,560, while the number of active clients investing in CFDs increased by approximately 34%. Mainly thanks to a 28% customer growth as well as the growing appeal of global equity offerings, CMC’s net equity trading revenue grew 72% to £54.8 mln. Pre-tax profits increased 127% to £224.0 mln compared to £98.7 mln in 2020.
The broker emphasizes that it offers its clients access to platforms resistant to attacks and technical problems, which means that they can trade without any issues. The company also continues to invest in its own technology platforms to diversify its offer, introducing Spot FX and Dynamic Trading. In March 2021, CMC Markets also launched the Stockbroking mobile application.