Pepperstone Sees Double-Digit Revenue Growth in Rare Mid-Year Update
By Adonis Adoni
AI summary of the source article
In a mid-year update on LinkedIn, Pepperstone CEO Tamas Szabo revealed double-digit growth across revenue and new clients, along with a 30% increase in trading volumes. The Australian-based broker also recorded a 40% year-on-year increase in new client first trades across core and growth regions. Beyond financial performance, Pepperstone secured a Category 5 licence from the UAE Securities and Commodities Authority, opened a regional hub in Dubai, and initiated a global rollout of its crypto arm. Additionally, the broker hired CTO Nigel Fernandes and is seeking a Head of Cross-Asset Strategy to support its technological and multi-asset expansion.
Why it matters
The update highlights how retail brokers are diversifying into crypto and cross-asset services while seeking regional licences in the Middle East to sustain client and revenue growth.
Key facts
- Pepperstone recorded double-digit revenue and client growth, a 30% volume increase, and a 40% year-on-year rise in new client first trades.
- The broker obtained a Category 5 licence from the UAE SCA and opened a regional hub in Dubai.
- Pepperstone is launching a progressive global rollout of its crypto arm and appointed Nigel Fernandes as CTO.