TF Global Markets (UK) Limited published its financial report on Friday.
Higher operating expenses resulted in a net income decline.
The British
branch of ThinkMarkets has published a report summarizing the financial results
for 2022, which shows that it managed to slightly improve its revenue, which
stood at £2.8 million. However, the final net profit turned out to be worse than
reported in 2021, reaching £287,584.
ThinkMarkets UK Higher Revenue but Lower Net Profit
The
company's net revenue increased 3.14% from £2.74 million. However, due to
higher administrative costs, which stood at £2.59 million compared to £2.49
million seen in previous year, the operating profit shrank 7% to £232,025.
Ultimately,
this led to a drop of nearly 6% in net profit from £304,988 reported in 2021 to
£287,584 in the current year. However, the value of the net assets owned by the
broker increased: in 2021 it was £3.17 million, while in 2022 it rose to £3.46
million.
TF Global
Markets (UK) Limited, which is authorized by the British Financial Conduct
Authority (FCA) under license number 629628, is responsible for ThinkMarkets'
operations in the United Kingdom.
Source: ThinkMarkets
"The
Company's business developed in line with the board's expectations and the
results for the year and the financial position at the end were considered
satisfactory given industry conditions and general economic uncertainties,"
commented Amin Adat, the Director of Finance at ThinkMarkets UK.
Copy Trading App and
Acuity Trading Partnership
Several
months back, ThinkMarkets expanded its offerings through a strategic
collaboration with Acuity Trading, a firm specializing in AI-driven market
analytics. As part of the agreement, ThinkMarkets seamlessly incorporated
Acuity Trading's Signal Centre functionalities into its own trading platform.
Acuity Trading had previously acquired Signal Center in 2021 to diversify its
product suite.
In related
news, the provider of retail foreign exchange and CFD trading services with
headquarters in London and Melbourne, recently unveiled a new copy trading
platform that users can access via a mobile application.
Additionally,
the brokerage firm has rolled out its ThinkPortal app this month, a versatile
mobile application designed to offer traders the flexibility to manage their
accounts on the go.
The British
branch of ThinkMarkets has published a report summarizing the financial results
for 2022, which shows that it managed to slightly improve its revenue, which
stood at £2.8 million. However, the final net profit turned out to be worse than
reported in 2021, reaching £287,584.
ThinkMarkets UK Higher Revenue but Lower Net Profit
The
company's net revenue increased 3.14% from £2.74 million. However, due to
higher administrative costs, which stood at £2.59 million compared to £2.49
million seen in previous year, the operating profit shrank 7% to £232,025.
Ultimately,
this led to a drop of nearly 6% in net profit from £304,988 reported in 2021 to
£287,584 in the current year. However, the value of the net assets owned by the
broker increased: in 2021 it was £3.17 million, while in 2022 it rose to £3.46
million.
TF Global
Markets (UK) Limited, which is authorized by the British Financial Conduct
Authority (FCA) under license number 629628, is responsible for ThinkMarkets'
operations in the United Kingdom.
Source: ThinkMarkets
"The
Company's business developed in line with the board's expectations and the
results for the year and the financial position at the end were considered
satisfactory given industry conditions and general economic uncertainties,"
commented Amin Adat, the Director of Finance at ThinkMarkets UK.
Copy Trading App and
Acuity Trading Partnership
Several
months back, ThinkMarkets expanded its offerings through a strategic
collaboration with Acuity Trading, a firm specializing in AI-driven market
analytics. As part of the agreement, ThinkMarkets seamlessly incorporated
Acuity Trading's Signal Centre functionalities into its own trading platform.
Acuity Trading had previously acquired Signal Center in 2021 to diversify its
product suite.
In related
news, the provider of retail foreign exchange and CFD trading services with
headquarters in London and Melbourne, recently unveiled a new copy trading
platform that users can access via a mobile application.
Additionally,
the brokerage firm has rolled out its ThinkPortal app this month, a versatile
mobile application designed to offer traders the flexibility to manage their
accounts on the go.
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.
iFOREX Adds Saudi and South Korean Equity CFDs as IPO Is Delayed
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
