AFX Group Reports Solid Financial Results for FY 2017, UK Revenue Up Fourfold
- AFX Group’s total revenues surged to $4.9 million (£3.75 million) relative to just $2.16 million (£1.65 million) in 2016.

AFX Group, the UK trading arm of AFX Markets Ltd, which is authorised by the UK’s FCA and Cypriot CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. Read this Term, has released its annual report and year-end financial statements for the period ending April 30, 2018. The latest results on UK Companies House showed a healthy uptick in turnover in conjunction with a much higher profit relative to the comparable period of FY 2016.
For the fiscal year 2017, AFX Group’s total revenues surged to $4.9 million (£3.75 million) relative to just $2.16 million (£1.65 million) in the year prior– this was a growth by 127 percent year-over-year.
In addition, AFX Group experienced a decline in administrative expenses during the latest fiscal period, reported at $1.49 million (£1.14 million), rescinding by 6 percent year-over-year from $1.58 million (£1.21 million).
Operating profits were also pointed higher during FY 2017. Looking at the group’s final numbers for the financial year, which factored out interest receivable and other income, AFX Group reported gains of $1.86 million (£1.42 million). This figure is seven times higher year-over-year from $238,000 (£182,803), by far its largest growth segment.
One of the group’s most noteworthy findings was the distribution of its revenues. Out of the aforementioned revenue figure, the firm generated £1.71 million, which is a more than four-fold increase from £410,000 the previous year. On the other end, the Cypriot brokerage earned total proceeds of £2.04 million, relative to £1.24 in 2016 .
In 2016, the boutique financial investment firm consolidated a range of its products under two brands including its Quantic and STO offerings, part of its overall brand structure.
AFX Group, the UK trading arm of AFX Markets Ltd, which is authorised by the UK’s FCA and Cypriot CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. Read this Term, has released its annual report and year-end financial statements for the period ending April 30, 2018. The latest results on UK Companies House showed a healthy uptick in turnover in conjunction with a much higher profit relative to the comparable period of FY 2016.
For the fiscal year 2017, AFX Group’s total revenues surged to $4.9 million (£3.75 million) relative to just $2.16 million (£1.65 million) in the year prior– this was a growth by 127 percent year-over-year.
In addition, AFX Group experienced a decline in administrative expenses during the latest fiscal period, reported at $1.49 million (£1.14 million), rescinding by 6 percent year-over-year from $1.58 million (£1.21 million).
Operating profits were also pointed higher during FY 2017. Looking at the group’s final numbers for the financial year, which factored out interest receivable and other income, AFX Group reported gains of $1.86 million (£1.42 million). This figure is seven times higher year-over-year from $238,000 (£182,803), by far its largest growth segment.
One of the group’s most noteworthy findings was the distribution of its revenues. Out of the aforementioned revenue figure, the firm generated £1.71 million, which is a more than four-fold increase from £410,000 the previous year. On the other end, the Cypriot brokerage earned total proceeds of £2.04 million, relative to £1.24 in 2016 .
In 2016, the boutique financial investment firm consolidated a range of its products under two brands including its Quantic and STO offerings, part of its overall brand structure.