The numbers reveal the state of the industry before the recent consolidation phase.
The regulator of the financial industry in Cyprus just published some key metrics for the industry. The CySEC's numbers show the state of brokerage companies at the end of last year. Truthfully, we are a bit disappointed that it took the local regulator a year to get us data from 2017, but nevertheless, we can have a glimpse at how the market looked at the start of 2018.
Undoubtedly, there will be many changes to the numbers before we get the next update. The industry has been consolidating for months as firms faced the new regulatory era in the EU. With the looming changes, it is likely that we have seen the peak size of the Cypriot brokerage industry around the same time last year.
Over the years, the number of Cyprus Investment Firms (CIFs) has been relentlessly growing. Starting from 129 in 2012, the CySEC’s official stats on the matter show that as of December 31 last year, the total number of brokers was 235.
After peaking out in the era of binary options whose end started at the beginning of 2016, the total figure for clients in 2017 amounted to about 1.5 million. The CySEC also provided data for the number of employees servicing the industry. A total of 4,430 people were employed at CIFs as of the end of last year.
Financials of CFDs Brokers
Looking at the financials, the brokerage companies on the island got about €1.68 billion of revenues last year. Net income for the companies totaled to €222.7 million, while total assets amounted to almost €10 billion.
The latter number is a decline when compared to 2016, which appears to be a year when all of the statistics mentioned above peaked out.
A breakdown of the CIF figures shows that the number of companies that are offering CFDs was 132 with the remaining 87 being “traditional” investment service providers. When we look at clients, a total of 1.4 million were with CFDs brokers, which employed 3,582 employees.
CFD brokers accounted for 1.3 billion of revenues and €176 million of net profits after tax. Both numbers were materially lower when compared to 2016, which will be marked as the best year for the industry. The assets held at CFDs brokers were €7.7 billion as of December 31, 2017.
The regulator of the financial industry in Cyprus just published some key metrics for the industry. The CySEC's numbers show the state of brokerage companies at the end of last year. Truthfully, we are a bit disappointed that it took the local regulator a year to get us data from 2017, but nevertheless, we can have a glimpse at how the market looked at the start of 2018.
Undoubtedly, there will be many changes to the numbers before we get the next update. The industry has been consolidating for months as firms faced the new regulatory era in the EU. With the looming changes, it is likely that we have seen the peak size of the Cypriot brokerage industry around the same time last year.
Over the years, the number of Cyprus Investment Firms (CIFs) has been relentlessly growing. Starting from 129 in 2012, the CySEC’s official stats on the matter show that as of December 31 last year, the total number of brokers was 235.
After peaking out in the era of binary options whose end started at the beginning of 2016, the total figure for clients in 2017 amounted to about 1.5 million. The CySEC also provided data for the number of employees servicing the industry. A total of 4,430 people were employed at CIFs as of the end of last year.
Financials of CFDs Brokers
Looking at the financials, the brokerage companies on the island got about €1.68 billion of revenues last year. Net income for the companies totaled to €222.7 million, while total assets amounted to almost €10 billion.
The latter number is a decline when compared to 2016, which appears to be a year when all of the statistics mentioned above peaked out.
A breakdown of the CIF figures shows that the number of companies that are offering CFDs was 132 with the remaining 87 being “traditional” investment service providers. When we look at clients, a total of 1.4 million were with CFDs brokers, which employed 3,582 employees.
CFD brokers accounted for 1.3 billion of revenues and €176 million of net profits after tax. Both numbers were materially lower when compared to 2016, which will be marked as the best year for the industry. The assets held at CFDs brokers were €7.7 billion as of December 31, 2017.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
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.
Don't miss out on this 5-second invite packed with energy and urgency!
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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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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.
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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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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