Admiral Markets Posts $27.5 Million Revenue for 2018
- Admiral Markets has seen noticeable gains in its financial figures over the last year.
Admiral Markets AS, a multi-regulated FX and CFDs brokerage firm, has reported its interim financial results for the year ending December 2018, displaying strong numbers across key components of its business on a year-over-year basis, per a corporate financial disclosure.
Compared to a period of flat growth in the in 2017, Admiral Markets has seen noticeable gains in its financial figures over the last year. More specifically, during 2018 Admiral Markets disclosed a net operating revenue of $27.5 million (€24.2 million), which was up 25 percent year-over-year from $21.9 million (€19.3 million) in 2017.
Admiral Markets AS had earlier three active branches in Romania, Poland, and the Czech Republic, and a representative office in Russia. The branches in Romania and the Czech Republic were closed in May as service in these countries are now provided on a cross-border basis.
Also, Admiral Markets saw its operating expenses ticking up in 2018, after seeing a figure of $17.2 million (€15.2 million) – this was up 20 percent year-over-year from $14.4 million (€12.7 million) in 2017.
Admiral Markets expands products lineup
Meanwhile, the company’s net profit was reported at $10.8 million (€9.5 million) in 2018, which reflects a 58 advance when compared with $6.8 million (€6.0 million) it earned in the year prior.
The company attributed its solid revenues to higher trading volumes, the introduction of new products, and improved marketing efforts.
Admiral Markets’ offering has seen dramatic additions in the past few months. The Estonian-based firm has recently increased its lineup of Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term-traded fund (ETF) derivatives for its Admiral.Invest account type, with the addition of 177 new CFDs.
Admiral Markets AS, a multi-regulated FX and CFDs brokerage firm, has reported its interim financial results for the year ending December 2018, displaying strong numbers across key components of its business on a year-over-year basis, per a corporate financial disclosure.
Compared to a period of flat growth in the in 2017, Admiral Markets has seen noticeable gains in its financial figures over the last year. More specifically, during 2018 Admiral Markets disclosed a net operating revenue of $27.5 million (€24.2 million), which was up 25 percent year-over-year from $21.9 million (€19.3 million) in 2017.
Admiral Markets AS had earlier three active branches in Romania, Poland, and the Czech Republic, and a representative office in Russia. The branches in Romania and the Czech Republic were closed in May as service in these countries are now provided on a cross-border basis.
Also, Admiral Markets saw its operating expenses ticking up in 2018, after seeing a figure of $17.2 million (€15.2 million) – this was up 20 percent year-over-year from $14.4 million (€12.7 million) in 2017.
Admiral Markets expands products lineup
Meanwhile, the company’s net profit was reported at $10.8 million (€9.5 million) in 2018, which reflects a 58 advance when compared with $6.8 million (€6.0 million) it earned in the year prior.
The company attributed its solid revenues to higher trading volumes, the introduction of new products, and improved marketing efforts.
Admiral Markets’ offering has seen dramatic additions in the past few months. The Estonian-based firm has recently increased its lineup of Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term-traded fund (ETF) derivatives for its Admiral.Invest account type, with the addition of 177 new CFDs.