It’s been a rosy year for the forex broker IG Markets and its sister subsidiary IG Index who posted strong financial results for the year ending May 31 2021. Both subsidiaries of the IG Group posted a huge increase in business which is in line with the group’s overall performance that was reported earlier. IG Markets is the counterparty company to OTC leveraged derivatives where its clients enter into. It is also the primary hedging counterparty for other companies in the IG Group. This means that it is fully exposed to high market risks. The other subsidiary IG index offers financial spread betting services. If you haven’t started trading forex yet take a look at these Best Forex Brokers. Strong Performance For Forex Broker IG Group In 2021 Get FREE Forex Signals Now! The forex broker IG Markets generated a net trading revenue of £465 million when compared to £341.8 million from the previous year. Operating costs were up by 22.7 percent but notwithstanding this, the company still managed an impressive pre-tax profit of £234.1 million. This is significantly higher than FY2020’s profit of £154.3 million. Net profit for the financial year registered at £189.2 million. According to the Companies House filing, IG Group also highlighted that its return on equity for the year was up by 45.9 percent from 29.5 percent in FY2020. Capital ratio was down by 24.3 percent in compliance with the FCA. Total regulatory capital resources ended the year at £410.1 million. IG Index Also Reports Strong Numbers For 2021 IG Index also reported strong results for FY2021 ending in May. These were in line with the sister company and the IG Group as a whole. Revenue from trading activities registered £234.1 million. This was a huge increase from the $180.4 million that was generated in the previous year. Pre-tax profits of the subsidiary increased by a staggering 72% to reach £124.7 million. IG Index also reported a net profit of £101.7 million. This provided a return on equity of 83.3 per cent. Incidentally, although IG Index disposed of its European business to IG Europe GmbH after Brexit, this did not have any significant effect on its financial positions. The IG Group is headquartered in London and operates brokerage businesses around the world with its locally regulated entities. Still, the two units based in the UK remain the main revenue drivers. IG Group’s net trading revenue was up by 31 percent to £853.4 million in FY2021. Profits were also up significantly by 52 percent. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Forex News Today: Daily Trading News share Read Next Ripple Price Analysis: XRP Uneventful As SEC v. Ripple Case Stalls Nancy Lubale 1 year It's been a rosy year for the forex broker IG Markets and its sister subsidiary IG Index who posted strong financial results for the year ending May 31 2021. Both subsidiaries of the IG Group posted a huge increase in business which is in line with the group's overall performance that was reported earlier. IG Markets is the counterparty company to OTC leveraged derivatives where its clients enter into. It is also the primary hedging counterparty for other companies in the IG Group. This means that it is fully exposed to high market risks. The other subsidiary IG index offers… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.