An improved fourth quarter, more customers and fewer doubtful debts at IG Group have helped lay to rest immediate fears for growth in the spread betting industry.

The country’s largest spread betting company on Tueday said the unprecedented market volatility over the past year had enabled it to record organic revenue growth in the year to May 31 of 25 per cent. It also opened 74,000 accounts, compared to 43,000 a year ago.