Invast Securities is yet another retail broker that has managed to report a successful month in February, with the firm revealing an uptick in its business metrics on a monthly comparison this Friday.
As Finance Magnates has reported extensively, many trading providers have achieved solid foreign exchange (forex) trading volumes in the second month of 2020, with some reporting the best performance they’ve seen in years, and some even hitting new records.
No new records for Invast Securities
Although Invast Securities didn’t manage to break any new records, it did still manage to achieve an uptick in operating revenue during February on a monthly comparison. In particular, operating revenue was ¥380 million during the month, which is higher than the previous month’s figure of ¥353 million by 7.6 percent.
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The monthly operating revenue seen last month is the strongest monthly result since August of 2019, which also proved to be a strong month for trading volumes. On a yearly comparison, however, operating revenue has actually fallen, albeit only slightly. In February of 2019, Invast Securities posted operating revenue of ¥385 million. Therefore, last month’s figure is lower by 1.3 percent.
In terms of the total amount of deposited margin, the Japanese retail broker reported a figure of ¥77.481 billion. Similar with operating revenue, this is up from the previous month, which had a total deposited margin of ¥76.114 billion. Therefore, February’s deposited margin has risen by 1.8 percent month-on-month.
Once again, the value achieved in February of this year is lower than the same period a year ago. Specifically, it has fallen by 6.4 percent, down from ¥82.809 billion. Unlike operating revenue, the deposited amount of margin is only the strongest figure achieved so far this year, as December of 2019 had a deposited margin of ¥78.054 million.