Hantec Markets Posts 36% Jump in FY20 Revenue, Turns Profits

Hantec Markets, a UK-headquartered forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and contracts for differences (CFDs) broker, has filed its financial statement from July 2019 to December 2020 with Companies House, reporting a strong jump in key metrics.

According to the filing, the total turnover of the company for the period came in at almost £7.9 million, which is 36 percent higher than the previous 18 months. In the 2019 fiscal year, the broker reported a turnover of £3.85 million for 12 months. The latest figures were filed for 18 months as the broker changed its fiscal year-end.

Solid Profits

Additionally, the profitability of the broker pivoted from an operating loss of £338,370 from the previous fiscal year to the profitability of £478,430 in the latest period. After the consideration of other incomes, expenses and taxes, the company ended the period with £340,266 in net profit.

“The group’s business developed in line with the board’s expectations, and the results for the period and the financial position at the period end were considered satisfactory, given the increasing competition and regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term within the sector,” the company stated in the filing.

“The Group’s client numbers, client deposits and trade volumes all increased in the period.” However, the broker did not disclose any of those numbers.

Moreover, Hantec Markets added that it is not focusing on expansion and is looking for opportunities overseas.

Apart from turnover and profits, the broker strengthened its balance sheet in the 18 months. It ended the fiscal year with net assets in excess of £5.9 million, which is up from £5.6 million in the 2019 fiscal year.