TradeInformer understands that retail brokerage firm Olymptrade generated more than $180m in revenue last year.
Although we were unable to confirm prior year amounts, this figure is allegedly in line with what the firm has been making for several years.
The broker, which has a license in Vanuatu and another entity in St Vincent and the Grenadines, appears to have its main base of operations in Cyprus.
The company is one of several firms that originated in St Petersburg a decade or so ago and which have proven extremely successful since then, largely as a result of their paid marketing capabilities.
Currently the broker is running around 1,000 ads on Google’s platforms globally.
Like several other large brands, Olymptrade works almost exclusively in emerging markets.
Web traffic data from SimilarWeb suggests the firm is currently going after South Asia and Latin America, although the firm is also doing a lot of advertising in Egypt and other Arabic-speaking countries too.
