The firm posted an increase of 6% in the number of trades.
Admirals' active clients and accounts expanded 96% and 84%, respectively.
Admirals logo on a roof top
Admiral Markets has reported its financial results
for the first six months of 2023, highlighting mixed performance during this
period. Despite an increase in the number of active clients, the company posted
a net loss of EUR 3.9 million.
A Surge in Active Clients
Admirals Markets experienced substantial growth in its client
base, with active clients and accounts increasing 96% and 84% to 65,636 and 75,975, respectively. The number of new applications skyrocketed 222%. Besides that, Admirals' cost-to-income ratio
rose 47%, reflecting the impact of reduced revenue on overall
profitability.
Sergei Bogatenkov, Admirals Markets' CEO and Chairman of the
Management Board, mentioned: "Our global team is open to new possibilities
that the industry embodies. The creation of partnerships is crucial.
Business-to-Business-to-Everything will be one of the keywords defining the
future of value propositions, as it embodies the excellent potential for our
business."
"We also believe mergers and acquisitions
provide significant opportunities for Admirals to accelerate growth and extend
our footprint in the industry."
Source: Admirals Markets
In the first half of 2023, Admirals' commodity CFD
products experienced a significant increase in contribution, accounting for 27%
of total gross trading income. Conversely, the share of other products, such as
stocks and ETFs, incurred losses.
Financial Position and Outlook
Admiral Markets AS has EUR 74.2 million in
shareholders' equity. The firm's balance sheet comprises around 45% of liquid
assets. During the first six months of 2023, the company's marketing expenses decreased 55%. Additionally, its value of trade dropped 4% to EUR 448 billion compared to the same period of 2022.
Currently, Admirals Group is undergoing a significant
transition as Alexander Tsikhilov assumes the role of CEO, succeeding Sergei
Bogatenkov, Finance Magnates reported.
As one of the brokerage's Co-Founders, Tsikhilov
brings a wealth of experience to his role as the CEO, having previously served as the CEO and Chairman of the Supervisory Board. His return to the executive helm
signifies continuity and a deep understanding of Admirals Group's trajectory.
Admiral Markets has reported its financial results
for the first six months of 2023, highlighting mixed performance during this
period. Despite an increase in the number of active clients, the company posted
a net loss of EUR 3.9 million.
A Surge in Active Clients
Admirals Markets experienced substantial growth in its client
base, with active clients and accounts increasing 96% and 84% to 65,636 and 75,975, respectively. The number of new applications skyrocketed 222%. Besides that, Admirals' cost-to-income ratio
rose 47%, reflecting the impact of reduced revenue on overall
profitability.
Sergei Bogatenkov, Admirals Markets' CEO and Chairman of the
Management Board, mentioned: "Our global team is open to new possibilities
that the industry embodies. The creation of partnerships is crucial.
Business-to-Business-to-Everything will be one of the keywords defining the
future of value propositions, as it embodies the excellent potential for our
business."
"We also believe mergers and acquisitions
provide significant opportunities for Admirals to accelerate growth and extend
our footprint in the industry."
Source: Admirals Markets
In the first half of 2023, Admirals' commodity CFD
products experienced a significant increase in contribution, accounting for 27%
of total gross trading income. Conversely, the share of other products, such as
stocks and ETFs, incurred losses.
Financial Position and Outlook
Admiral Markets AS has EUR 74.2 million in
shareholders' equity. The firm's balance sheet comprises around 45% of liquid
assets. During the first six months of 2023, the company's marketing expenses decreased 55%. Additionally, its value of trade dropped 4% to EUR 448 billion compared to the same period of 2022.
Currently, Admirals Group is undergoing a significant
transition as Alexander Tsikhilov assumes the role of CEO, succeeding Sergei
Bogatenkov, Finance Magnates reported.
As one of the brokerage's Co-Founders, Tsikhilov
brings a wealth of experience to his role as the CEO, having previously served as the CEO and Chairman of the Supervisory Board. His return to the executive helm
signifies continuity and a deep understanding of Admirals Group's trajectory.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
WealthKernel Becomes Alpaca Europe as US Broker Plants Its Flag in London
FM Daily Brief: 21 April 2026
FM Daily Brief: 21 April 2026
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
