For the broker, 2022 was the second consecutive year of revenue growth.
However, this was not enough to achieve net profitability.
Hantec Markets
The
UK-based branch of Hantec Markets released its financial
results for 2022 over the weekend, reporting an increase of 7% in revenue to £5.76
million. Despite the revenue growth, the company failed to maintain
profitability, posting a net loss of £83,968 for the reported period.
Hantec Markets Sees Revenue Growth but Posts Net Loss
In the UK, Hantec
Markets Holdings Limited is responsible for the brokerage's operations and is
licensed by the FCA. The investment firm originated in Hong Kong but also has
offices in Australia, Africa, South America, and the Middle East.
Over the
weekend, the British arm of Hantec reported
that its 2022 revenues reached £5.76 million, which is up
from £5.39 million in 2021. However, the company also reported an increase
in administrative expenses by about £400,000 to £5.84 million. This led to
a deepening operating loss of £85,367 and a final net loss of £83,968. For
comparison, Hantec Markets in the UK achieved a modest net profit of £26,873 in
2021.
As for
other financial data, the broker slightly increased the value of its assets,
rising from £5.98 million reported in 2021 to £6.03 million last year.
Bashir Nurmohamed, the CEO of Hantec Markets Group
"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 within
the sector as well as the global Covid pandemic," said Bashir Nurmohamed,
the CEO of Hantec Markets Group.
"Despite
the extremely challenging environment, the Group managed to maintain in line
with management expectations, client numbers, client deposits, and trade
volumes in the year," he added.
Hantec
Markets is optimistic about future progress and believes the overall business
is "well placed to make further progress during the coming year."
Hantec Hires New Head of
Technology, Launches Institutional Arm
The company
has informed that Michael O'Sullivan has transitioned from his position at
INFINOX to Head of Technology Strategy at Hantec Markets. O'Sullivan initially
joined INFINOX in January 2021, serving as the Head of Technology before
eventually becoming the Chief Technology Officer.
O'Sullivan's
career began at CMC Markets, where he worked for 15 years at the London-based
brokerage, ultimately serving as the Head of Partnerships Operations and
Delivery. He also had a one-year stint at ATFX UK as the Head of Project
Management.
In
preparation for the upcoming launch of Hantec Prime, a forex and CFDs trading
platform aimed at institutional investors, Hantec Markets has also brought on
board Lee Holmes, another former INFINOX Global executive and a past member of
the Executive Management team, to serve as its Head of Institutional Sales.
The
UK-based branch of Hantec Markets released its financial
results for 2022 over the weekend, reporting an increase of 7% in revenue to £5.76
million. Despite the revenue growth, the company failed to maintain
profitability, posting a net loss of £83,968 for the reported period.
Hantec Markets Sees Revenue Growth but Posts Net Loss
In the UK, Hantec
Markets Holdings Limited is responsible for the brokerage's operations and is
licensed by the FCA. The investment firm originated in Hong Kong but also has
offices in Australia, Africa, South America, and the Middle East.
Over the
weekend, the British arm of Hantec reported
that its 2022 revenues reached £5.76 million, which is up
from £5.39 million in 2021. However, the company also reported an increase
in administrative expenses by about £400,000 to £5.84 million. This led to
a deepening operating loss of £85,367 and a final net loss of £83,968. For
comparison, Hantec Markets in the UK achieved a modest net profit of £26,873 in
2021.
As for
other financial data, the broker slightly increased the value of its assets,
rising from £5.98 million reported in 2021 to £6.03 million last year.
Bashir Nurmohamed, the CEO of Hantec Markets Group
"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 within
the sector as well as the global Covid pandemic," said Bashir Nurmohamed,
the CEO of Hantec Markets Group.
"Despite
the extremely challenging environment, the Group managed to maintain in line
with management expectations, client numbers, client deposits, and trade
volumes in the year," he added.
Hantec
Markets is optimistic about future progress and believes the overall business
is "well placed to make further progress during the coming year."
Hantec Hires New Head of
Technology, Launches Institutional Arm
The company
has informed that Michael O'Sullivan has transitioned from his position at
INFINOX to Head of Technology Strategy at Hantec Markets. O'Sullivan initially
joined INFINOX in January 2021, serving as the Head of Technology before
eventually becoming the Chief Technology Officer.
O'Sullivan's
career began at CMC Markets, where he worked for 15 years at the London-based
brokerage, ultimately serving as the Head of Partnerships Operations and
Delivery. He also had a one-year stint at ATFX UK as the Head of Project
Management.
In
preparation for the upcoming launch of Hantec Prime, a forex and CFDs trading
platform aimed at institutional investors, Hantec Markets has also brought on
board Lee Holmes, another former INFINOX Global executive and a past member of
the Executive Management team, to serve as its Head of Institutional Sales.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
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We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
