The company has also reported a solid uptick in trading volumes and activity in H1 of 2020.
ATFX (UK) has revealed exclusively to Finance Magnates that it has received regulatory approval to increase its share capital by £3.15 million, only months after the foreign exchange (forex) broker previously boosted its share capital by £1.5 million.
According to a statement seen by Finance Magnates today, the broker will use the extra funds to facilitate its ambitious expansion plans within the European Union. The company’s ultimate goal is to offer more localised services by increasing its global footprint.
Furthermore, ATFX will be using the extra cash to establish its new office Hub. As Finance Magnates previously reported, the broker raised its share capital by £1.5 million in April of this year, as part of its geographical and product expansion plans.
Today’s announcement follows on from the UK-headquartered firm opening up a new office in Krakow Poland, which the company revealed earlier this month. The focus of the new Polish office will be IT development and marketing – search engine optimisation (SEO).
In addition to being put towards its expansion, ATFX also plans to use the newly increased capital improve its educational programs and it will be invested in ATFX Connect, the broker’s new institutional arm.
Revenues Increase in H1 2020 for ATFX
While revealing that it has increased its share capital, the FCA-regulated firm has confirmed higher revenue earnings for certain product categories during the first half of 2020.
For the first half of the year, volumes increased by 61.29 per cent, and 46.52 per cent, for Q1, and Q2, respectively when compared to 2019. The number of total active traders also rose by 54.64 per cent and 66.40 per cent.
Commenting on the performance, the Managing Director for ATFX (UK), Wei Qiang Zhang said in the statement: “One of the best parts about increasing our share capital is that there’s no stipulations attached to the funds we’ve raised, and with the advantage of no restrictions - we can direct further investment into ATFX.
“We’re heavily focused on our Forex Education Centre and how we can help traders to succeed with the use of our extensive educational resources. As such, we’ll continue to invest in education in order to support our clients through every step of their trading journey. As we are now in the third quarter of 2020, our relentless focus on innovation and delivering top tier services to our customers should again provide a solid foundation for continued business growth”.
ATFX (UK) has revealed exclusively to Finance Magnates that it has received regulatory approval to increase its share capital by £3.15 million, only months after the foreign exchange (forex) broker previously boosted its share capital by £1.5 million.
According to a statement seen by Finance Magnates today, the broker will use the extra funds to facilitate its ambitious expansion plans within the European Union. The company’s ultimate goal is to offer more localised services by increasing its global footprint.
Furthermore, ATFX will be using the extra cash to establish its new office Hub. As Finance Magnates previously reported, the broker raised its share capital by £1.5 million in April of this year, as part of its geographical and product expansion plans.
Today’s announcement follows on from the UK-headquartered firm opening up a new office in Krakow Poland, which the company revealed earlier this month. The focus of the new Polish office will be IT development and marketing – search engine optimisation (SEO).
In addition to being put towards its expansion, ATFX also plans to use the newly increased capital improve its educational programs and it will be invested in ATFX Connect, the broker’s new institutional arm.
Revenues Increase in H1 2020 for ATFX
While revealing that it has increased its share capital, the FCA-regulated firm has confirmed higher revenue earnings for certain product categories during the first half of 2020.
For the first half of the year, volumes increased by 61.29 per cent, and 46.52 per cent, for Q1, and Q2, respectively when compared to 2019. The number of total active traders also rose by 54.64 per cent and 66.40 per cent.
Commenting on the performance, the Managing Director for ATFX (UK), Wei Qiang Zhang said in the statement: “One of the best parts about increasing our share capital is that there’s no stipulations attached to the funds we’ve raised, and with the advantage of no restrictions - we can direct further investment into ATFX.
“We’re heavily focused on our Forex Education Centre and how we can help traders to succeed with the use of our extensive educational resources. As such, we’ll continue to invest in education in order to support our clients through every step of their trading journey. As we are now in the third quarter of 2020, our relentless focus on innovation and delivering top tier services to our customers should again provide a solid foundation for continued business growth”.
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
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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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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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!
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!
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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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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.
📣 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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