Global financial trading service provider Interactive Brokers (UK) Limited has released its financial results for the year ended 31 December 2021. According to the report, the firm recorded a pre-tax profit of £22 million. This shows a 43% increase from the £15.3 million recorded in the previous year.
Also, IBRK UK reported a massive increase in its operating income, as the company recorded solid growth across different market segments. This will be the 19th consecutive year the firm has made a profit.
Interactive Brokers UK Recorded A Net Decrease In Clients Numbers
While the company recorded impressive results in its financial numbers, its record for several clients fell slightly. Based on the details published by IBRK, the company was carrying a broker for 29,375 in 2021, which is far lower than the 53,895 it recorded in the previous year.
According to the firm, the net decline in the number of clients was caused by the transfer of clients to the affiliated entities after the UK left the European Union. As a result, the number of carried client accounts fell by 45.5%
The report revealed that net commission declined to £36,273 for the year ended 31 December 2021. This is lower than the net commission of £42,348 realized in the previous year, Interactive Brokers UK added.
IBRK Saw An Increase In Total Capital
Apart from the strong performance on the financial side, IBRK UK also recorded strong metrics in total capital.
At the end of last year, the total capital stood at £153.6 million. This represents a 13% increase compared to the value of £134.9 million it recorded in 2021.
Interactive Brokers is an online trading platform that offers a wide range of professional trading tools that enables investors to carry out their sophisticated trades. It offers up-to-date and high-quality research and education for traders.
The brokerage platform is managed and operated by a corporate entity that offers brokerage services. In 2021, the company was ranked as a top online broker in the global review. One factor that defines its success is the quality of its trading tools.