ActivTrades has completed a major group restructuring, moving its Bahamas and Portuguese entities out from under its UK-regulated parent and into a new Guernsey holding company structure. The Bahamas unit transferred on 2 January 2025, followed by the Portuguese entity on 11 August 2025. Both now sit as direct subsidiaries of the Guernsey parent, making them siblings to the UK entity rather than its children.
The reorganization significantly impacts how the broker’s financial performance appears. UK entity revenue from non-UK clients plummeted 48 percent to £6.1 million from £11.8 million year-over-year, though this partly reflects the Portuguese unit only being consolidated for seven-and-a-half months rather than actual trading decline. Group-wide turnover fell to £33.1 million from £37.6 million, while profit before tax nearly halved to £2.3 million from £4.6 million. The UK now represents 82 percent of reported turnover versus 69 percent previously.
FXnCO Insight
ActivTrades’ structural shift to Guernsey creates reporting opacity that makes organic growth assessment difficult—watch for clarification on actual trading performance versus accounting changes.
Source: Finance Magnates