London-based CFDs broker One Global Market (OGM) has reported a substantial increase in both revenue and profit for the fiscal year ending 30 September 2023, according to its latest Companies House filing. The company closed the year with £791,791 in turnover, marking a 213% rise compared to the previous year.
Strong Financial Performance
The surge in revenue also brought a corresponding increase in the broker’s cost of sales, which jumped to £123,677, up from £38,290. Still, the company managed to post a gross profit of £668,114, reflecting a 212% increase year-on-year.
Administrative expenses also grew significantly, climbing 187% to £520,304 from the previous year’s £181,496. After factoring in additional income and expenses, OGM’s net and pre-tax profit stood at £147,813, representing a 250% increase compared to the previous fiscal year.
“The financial results in 2023 established a strong foundation for OGM’s long-term strategy,” the company stated. “This level of profitability provides the stability we need to invest in further growth.”
FCA-Regulated Broker with Scalable Revenue Model
Operating under authorization from the UK’s Financial Conduct Authority (FCA), One Global Market offers forex and CFDs trading across multiple asset classes. It serves both retail and professional clients via an agency brokerage model, meaning its income is closely tied to client trading activity.
The broker’s revenue stream is primarily generated through spread markups, commissions, and swap premiums—a structure that benefits from higher trading volumes.
Outlook
With a profitable year behind it and a scalable model in place, OGM appears well-positioned to continue expanding its operations. The results highlight how strategic adjustments and operational efficiency can drive strong growth, even in a competitive regulatory environment like the UK.