Trading 212 has become one of the largest investing apps in Europe, offering investing in stocks and ETFs with no commission (other fees may apply, see terms and fees). Established in 2004, the group operates through subsidiaries in the United Kingdom, Cyprus, Germany, Bulgaria, and Australia, serving mainly clients in the UK and the European Union.
We will focus on Trading 212 Group Limited, which includes the main subsidiary, Trading 212 UK Limited, which generated about 83% of Group revenue in 2024.
In this article, we present key statistics about Trading 212, including client assets, user growth, revenue, and profits, based on the company’s filed accounts and official announcements.
If, at the end of the article, you believe you could benefit from using this platform, you can use our promo code (Sponsored Code, terms apply).
Trading 212 subsidiaries
As of 31 December 2024 (the latest information on the Group), Trading 212 Group Limited (the “Group”) had five principal subsidiaries:
- Trading 212 UK Limited: registered in the United Kingdom and regulated by the Financial Conduct Authority (FCA).
- Trading 212 Limited: registered in Bulgaria and regulated by the Bulgarian Financial Supervision Commission (FSC).
- Trading 212 Markets Limited: registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Trading 212 AU PTY Limited: registered in Australia and regulated by the Australian Securities and Investments Commission (ASIC).
- Trading 212 EU GmbH: registered in Germany and regulated by the Federal Financial Supervisory Authority (BaFin). Acquired as FXFlat Bank GmbH in 2024 and renamed Trading 212 EU GmbH, it began onboarding new German clients on 13 January 2025 and now also onboards new clients from other EU countries, such as Portugal and the Netherlands.
Revenues
Trading 212’s revenues were £194.1m in 2024. The UK subsidiary was responsible for roughly 83% of 2024 revenue.
The Cypriot entity’s revenue more than doubled to about £42.2 million in 2024, while the UK unit recorded revenue of £161.7 million and a profit of £39.7 million.
Cost trends & profitability
Administrative expenses jumped sharply:
- The group spent over £65 million on advertising & marketing in 2024, nearly a doubling (≈110% rise).
- Headcount rose to 422 employees at the end of 2024, from 320 a year earlier.
The group’s net profit in 2024 was £43.8 million, up from £23 million the prior year.
Observations & implications
- UK first: the UK business still generates most of the Group’s revenue.
- EU growth: the non-UK operations are growing fast, with the Cypriot entity doubling its revenue in 2024.
- Rising costs: marketing and staff costs grew sharply as the Group invested in client acquisition.
- Profitability: despite higher costs, the Group nearly doubled its profit in 2024.
| Description | 2024 | 2023 | 2022 | 2021 |
| Revenue (£000) | 194,140 | 116,191 | 114,909 | 138,685 |
| Gross profit | 194,140 | 116,191 | 114,909 | 138,685 |
| Other operating income | 8,163 | 4,456 | 2,194 | 4,701 |
| Administrative expenses | -153,685 | -98,928 | -75,553 | -57,018 |
| Profit from operations | 48,618 | 21,719 | 41,550 | 86,368 |
| Finance income | 126,147 | 14,982 | 421 | 244 |
| Finance expense | -115,199 | -4,394 | -1,402 | -564 |
| Profit before tax | 59,566 | 32,307 | 40,569 | 86,048 |
| Tax expense | -15,781 | -9,229 | -10,265 | -13,109 |
| Profit for the year | 43,785 | 23,078 | 30,304 | 72,939 |
| Exchange gains / (losses) on translation of foreign operations | -820 | -766 | 3,862 | -1,317 |
| Total comprehensive income | 42,965 | 22,312 | 34,166 | 71,622 |
Figures in £ thousands. Source: Trading 212 Group Limited financial statements (Companies House).
Trading 212 UK results in 2025
The Group filed its 2025 accounts with Companies House on 2 October 2026, and they are not yet available to read. The UK subsidiary, Trading 212 UK Limited, filed its 2025 accounts in April 2026, showing another year of strong growth:
| Trading 212 UK Ltd | 2025 | 2024 | Change |
| Revenue | £277.6m | £161.7m | +72% |
| Net interest income on client money | £20.6m | £11.6m | +78% |
| Marketing spend | £51.5m | £39.5m | +30% |
| Profit before tax | £123.1m | £52.9m | +133% |
| Profit for the year | £92.2m | £39.7m | +132% |
| Net assets | £194.3m | £156.2m | +24% |
| Cash | £141.9m | £94.3m | +50% |
| Employees | 122 | 53 | +130% |
Source: Trading 212 UK Limited accounts for the year ended 31 December 2025, as reported by FinanceFeeds and FX News Group.
In 2025, the UK entity also reported 69% more funded accounts, 84% more monthly active users and 140% more client money and assets than a year earlier, and paid £54.1 million in dividends. After the year end, CFD hedging and execution moved to the Cypriot entity.
Trading 212 AUM and number of users
In May 2025, Trading 212 announced more than £25 billion (€30 billion) in client assets and cash, and 4.5 million lifetime funded accounts. By October 2026, it reported more than 5 million funded accounts, but hasn’t published a newer assets figure.
If you want to know how Trading 212 compares with other brokerage firms regarding AUM, please check our article on the topic.
Average account balance
Dividing the £25 billion in client assets by the 4.5 million lifetime funded accounts (both from May 2025) gives an average of about £5,600 per account. The real average for active accounts is likely higher, since lifetime funded accounts include accounts that are no longer used.
Business model
The main activities of Trading 212 focus on the following:
- Invest account: stocks and ETFs with no commission and no custody fee (other fees may apply). Revenue comes from services such as the 0.15% FX fee when converting funds.
- CFD business: the Group also earns revenue from its CFD account, including overnight funding charges.
- Interest on client money: the margin between what Trading 212 earns on client cash and what it pays clients, worth £20.6 million to the UK entity in 2025.
- Stock lending: Part of their revenue is generated through a fully collateralized stock lending program, allowing it to earn income by lending out stocks held by clients under certain conditions.
- 212 Card: launched in the UK in February 2024 and available with a T212 Invest Account. Since mid-2026, cashback of up to 1.5% (capped at £15 or €15 a month) is paid only to clients who reinvest it and have an active recurring investment funded by card. Card income reached £1.7 million at the UK entity in 2025. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface.
Nonetheless, Trading 212 has been progressively shifting its focus from CFDs to stockbroking. According to its 2024 financial statements, the Group continues to focus on growing its stockbroking business and the value of client money and client asset balances, with new products such as the Cash ISA (May 2024), the 212 Card (February 2024), and the SIPP (FCA permission in February 2026, live for all UK users since 24 June 2026) reinforcing this direction.
Recent regulatory developments
In February 2026, Trading 212 received permission from the UK’s Financial Conduct Authority (FCA) to offer Self-Invested Personal Pensions (SIPPs), and on 24 June 2026 the SIPP went live for all UK users, adding to the existing Invest, Stocks and Shares ISA and Cash ISA accounts.
Earlier, in October 2025, the FCA lifted its ban on retail access to certain crypto exchange-traded notes (cETNs). The Financial Times reported that Trading 212 allowed UK retail customers to buy crypto ETNs between October 2025 and January 2026 before obtaining the relevant FCA permission; the firm subsequently applied for authorisation, and its FCA register entry showed the permission from 26 January 2026.
Is Trading 212 planning an IPO?
No. According to company representatives, “Trading 212 does not currently have anything planned for a potential IPO, so we will refrain from sharing anything specific on the matter”. As of October 2026, no IPO plans have been announced.
Trading 212 valuation
According to PitchBook, Trading 212 has had three financing stages:
| Deal Type | Date | Amount |
| Series A | 27-Jul-2021 | $19M |
| Seed | 01-Aug-2020 | $2.62M |
| Seed | 01-Mar-2017 | – |
These rounds were not traditional venture capital deals. The July 2021 round, for example, was £13.75 million of new share capital put into Trading 212 UK by existing shareholders, and co-founders Ivan Ashminov and Boris Nedialkov still control the company. Since no outside investor has priced the company, there is no public Trading 212 valuation.
Bottom line
All in all, Trading 212 has established itself as a key player in the online brokerage industry (you can read here our review on Trading 212), particularly in the UK and Europe. With more than 5 million funded accounts and over £25 billion (€30 billion) in client assets at its last update, the company has grown quickly, especially since 2023.
Group revenue fell from £139 million in 2021 to £116 million in 2023, before rebounding to £194 million in 2024, and profit after tax followed the same path (£73 million in 2021, £23 million in 2023, £44 million in 2024). In 2025, the UK entity alone grew revenue by 72% to £277.6 million, with a profit of £92.2 million, as the company kept shifting its focus to investing products.
While no IPO is currently planned, Trading 212’s expansion strategy and client base position it for further potential growth in the future. Sponsored Code. To get a free fractional share worth up to €100/£100, you can open an account with the promo code IITW. Terms apply.
Disclaimer: When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. 0,15% FX fee applies when converting funds. Other fees may apply.
