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  • IG Group acquires Freetrade for £160 million, adding 720,000 customers and £2.5 billion in Assets Under Administration.

IG Group Holdings plc has announced its acquisition of Freetrade, a prominent UK neobroker, for £160 million (USD $195 million).

Although Freetrade launched in 2018, the platform has gained over 720,000 customers and £2.5 billion in Assets Under Administration (AUA) at the end of 2024.

Freetrade reported that it generated revenues of £27.5 million in 2024, and has unaudited adjusted EBITDA of £2.1 million, recovering from previous losses.

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