The annual revenue of the UK unit jumped 12 percent.
However, it only broke even at the end of the year.
AETOS Capital Group UK Limited (AETOS UK), the wholly-owned subsidiary of the Australian broker AETOS Capital Group, completed the fiscal year 2023 that ended on March 31 with an annual turnover of £399,017, according to the latest Companies House filing. The figure improved by about 12 percent from the previous year.
Revenue of AETOS UK
Despite the year-over-year improvement, the revenue remains substantially lower than what was reported by the company earlier. Specifically, the revenue of the UK unit of AETOS began to descend from the peak of £2.13 million that it had generated in FY18. In the following consecutive years, its revenue decreased: £2.08 million in FY2019, £1.89 million in FY20, and £863,726 in FY21.
Established in 2007, AETOS primarily offers trading services with contracts for differences (CFDs) instruments of forex, commodities, shares, and other popular asset classes to retail and wholesale clients.
Apart from the United Kingdom, the AETOS group is regulated in Australia, Vanuatu, and The Cayman Islands. Earlier, the AETOS Group Chair revealed the plans to expand its global presence further afield.
“The company primarily provided brokerage services for foreign exchange and precious metals,” the Companies House filing noted. “The company does not take trade positions which expose it to material price risk and nor does it have a material exposure to movements of the related financial products.”
Rising Costs
The latest revenue rise of AETOS UK resulted in a rise in expenses as its administrative costs came in at £398,875 compared to £356,030 in the previous year. In both years, the UK’s broker’s annual revenue was almost shadowed by the expenses. Considering an interest income, AETOS UK closed the fiscal year with a profit of £1,004. The company has been breaking even with minimum profits for several consecutive years.
Meanwhile, AETOS UK’s balance sheet has net assets worth £385,305.
AETOS Capital Group UK Limited (AETOS UK), the wholly-owned subsidiary of the Australian broker AETOS Capital Group, completed the fiscal year 2023 that ended on March 31 with an annual turnover of £399,017, according to the latest Companies House filing. The figure improved by about 12 percent from the previous year.
Revenue of AETOS UK
Despite the year-over-year improvement, the revenue remains substantially lower than what was reported by the company earlier. Specifically, the revenue of the UK unit of AETOS began to descend from the peak of £2.13 million that it had generated in FY18. In the following consecutive years, its revenue decreased: £2.08 million in FY2019, £1.89 million in FY20, and £863,726 in FY21.
Established in 2007, AETOS primarily offers trading services with contracts for differences (CFDs) instruments of forex, commodities, shares, and other popular asset classes to retail and wholesale clients.
Apart from the United Kingdom, the AETOS group is regulated in Australia, Vanuatu, and The Cayman Islands. Earlier, the AETOS Group Chair revealed the plans to expand its global presence further afield.
“The company primarily provided brokerage services for foreign exchange and precious metals,” the Companies House filing noted. “The company does not take trade positions which expose it to material price risk and nor does it have a material exposure to movements of the related financial products.”
Rising Costs
The latest revenue rise of AETOS UK resulted in a rise in expenses as its administrative costs came in at £398,875 compared to £356,030 in the previous year. In both years, the UK’s broker’s annual revenue was almost shadowed by the expenses. Considering an interest income, AETOS UK closed the fiscal year with a profit of £1,004. The company has been breaking even with minimum profits for several consecutive years.
Meanwhile, AETOS UK’s balance sheet has net assets worth £385,305.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Capital.com Hits $1.2 Trillion in Client Trading Volumes, Sees 53% Surge
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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