In Q2, the brokerage registered 207,000 total active clients in the period. In Q1, the total active clients were 201,500 total active clients with almost 3% increase since then. On yearly basis, the number jumped 54.7% compared to 133,800 clients in Q2 FY20, benefitting from a continuation of strong client acquisition.
The second quarter of the financial year was marginally lower than the first one, the year-on-year performance of Q2 is better than the Q1 which saw a 62% YoY increase trading revenue and in the Q4 of FY2020, the London-based broker doubled net its revenue.
IG Group also reported that it is expecting net trading revenue for the first six months of the current financial year to reach around £416 million, up from the previous year’s £249.9 million.
