YCM-Invest Reports £808,513 In Revenue For First Nine Months Of 2024

YCM-Invest reported that it earned £808,513 in revenue during the first nine months of 2024, which ended on September 27. The company also revealed a profit of £319,478 for the same period. This announcement came only a week after it shared its financial results for 2023.

Reports revealed that the company’s revenue in 2024 had already grown by 147 percent compared to the previous year, when it had dropped by 57.3 percent to £327,924. The profit marked a strong turnaround from the £542,481 in losses reported in 2023.

YCM-Invest Focuses On Professional Traders To Drive Growth

The company explained that this improvement was due to reducing costs. Even as its revenue grew, YCM-Invest’s sales costs went down to £292,078 from £414,345. Similarly, its administrative costs fell sharply to £196,805 from £453,721 in the previous year. The company attributed these savings as a key reason for returning to profitability.

YCM-Invest provides proprietary trading, or prop trading, services only to professional traders. It generates income from spreads and commissions on trades made on its platform. The latest filing from Companies House revealed that the platform clears between $5 billion and $8 billion in CFD trades each month.

The company explained its trader profit-sharing model, stating that traders who use the platform and generate profit for its investors can keep up to 15 percent of those profits. It added that this approach makes the platform more attractive to skilled traders because they can earn more from successful trades.

The company said its strategy focuses on building a strong group of successful traders while increasing its assets under management. This, it stated, benefits both its investors and the traders. YCM-Invest stressed that it does not accept retail clients and works only with professional traders who meet specific qualifications.

YCM-Invest Targets Professional Traders And Avoids Retail Clients For Growth

According to the company, traders must meet at least two out of three requirements to join. These include providing a trading history that shows more than 40 significant trades in the last three months.

They also include having at least a year of professional experience in the relevant market or showing proof of holding financial instruments worth over EUR 500,000. The company said its target audience includes professional traders, asset managers, and hedge fund operators.

YCM-Invest emphasised that it does not onboard retail clients, unlike many other prop trading platforms. It stated that hundreds of platforms cater to retail traders, earning revenue mainly through challenge fees. However, it added that this model has been very profitable for those platforms.

For example, reports showed that FTMO, a prop trading firm based in the Czech Republic, earned $213 million in revenue in 2023. Another firm, Alpha Capital Group, shared that it earned “tens of millions” of pounds in revenue over three years of operations. YCM-Invest remains one of the few platforms that exclusively work with professional traders, focusing on this niche rather than retail clients.