{
Michael Bogoevski

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CMC Markets thrives in Australia while IG excels in Singapore revenue

CMC Markets has seen significant growth in Australia, generating over £62.3 million in revenue in H2 FY23, surpassing its UK earnings for the first time. In contrast, IG Group's Australian revenue has declined from £65 million in H1 FY21 to £41.1 million in H2 FY24, while Plus500 also reported a drop in Australian earnings. Notably, Singaporean traders are the most lucrative for IG, averaging £4,914 in revenue per trader, compared to £3,054 in the UK and £2,977 in Australia.
Financial and Business News | Finance Magnates
Japanese Yen United States Dollar Euro Singapore Dollar British Pound Sterling Australia and New Zealand Banking Group Ltd. IG Group Holdings plc CMC Markets Plc Plus500 Ltd. JPN GBR SGP AUS USA Donald Trump Michael Bogoevski Show more
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15:40 23.10.2024
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