Trading 212 Reports Record Profits in 2024 with Strong User Growth

Trading 212 UK, a leading force in app-driven investing, announced a blockbuster year in 2024, posting a net profit of £39.7 million, a 31% increase from 2023. The London-based brokers revenues soared to £161.7 million, up from £104.1 million, fueled by robust user growth and innovative product launches like its Cash ISA and a new debit card.

The companys profit before tax reached £52.9 million, showcasing the strength of its trading and savings platforms. Despite operating costs rising 59% to £113.3 million due to heavy investments in technology and marketing, Trading 212 strengthened its financial position, with net assets climbing to £156.2 million. The firm paid £13.6 million in dividends in 2024, followed by an additional £4 million in early 2025.

A key driver of success was the May 2024 launch of the Cash ISA, a tax-free savings product with no fees and flexible access. This complemented the popular Stocks & Shares ISA, attracting a wave of new users. Client deposits skyrocketed by 272%, while the value of client-held funds surged 350%. Total assets in custody grew by 121%, reflecting strong market confidence.

User engagement also hit new heights. Monthly active users rose 92%, trading volumes jumped 118%, and funded investment and ISA accounts increased by 79%. Trading 212s mobile-first platform, known for commission-free trading, resonated with younger investors drawn to its competitive interest rates on uninvested cash and intuitive design.

As the first UK retail broker to eliminate trading commissions, Trading 212 offers a diverse portfolio, including stocks, ETFs, forex, and derivatives. While it continues to support leveraged CFD trading, the company emphasized its commitment to long-term investment tools. It also praised recent UK regulatory changes allowing fractional shares in ISAs, which it says empowers retail investors.

In January 2024, Trading 212 expanded into 20 European countries with a Marqeta-powered debit card, enabling over 3 million users to seamlessly blend spending and investing. Additionally, in August, the broker acquired FXFlat Bank GmbH, a German multi-asset broker regulated by BaFin, further expanding its European footprint. Financial details of the acquisition remain undisclosed.

About Trading 212

Founded in 2004, Trading 212 is a London-based fintech pioneer revolutionizing retail investing with its commission-free, mobile-first platform. Offering stocks, ETFs, forex, and ISAs, it serves over 3 million users across the UK and Europe, prioritizing accessibility and long-term wealth creation.

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