Despite the falling revenue, expenses increased, resulting in a massive dent in profits.
The company highlighted that the volatility it anticipated for the year “didn’t materialize into trade volume.”
The UK subsidiary of retail contracts for differences (CFDs) broker ZFX reported revenue of £883,639 for the fiscal year ended on 30 June 2023. The figure declined by almost 15 percent compared to the previous year’s £1.04 million.
A Tough Year for ZFX
According to the latest Companies House filing by Zeal Capital Market (UK) Limited, it ended the fiscal with a net profit of £151,408, a decline of 67 percent from £459,880 in the previous fiscal year. Notably, these figures only represent the performance of the UK subsidiary and not the broader Zeal Group.
Although the revenue of the company declined in the last fiscal year, its expenses increased. The filing shows that the administrative expenses of the UK company jumped to £681,321 in FY23 while the number was £575,727 in the previous year.
After expenses, the company's pre-tax profit came in at £202,318, which is 56 percent lower than the previous fiscal year’s figures with £462,404.
“Costs remain well-controlled, although the Board recognizes that continued investment is key to ensuring that the company continues to offer trading services backed by market-leading proprietary technology matched with a faultless support ethos,” the filing stated.
“The company continues to invest in the retention of the key personnel who contribute so much to the company’s success and whom the Board wishes to thank for their ongoing commitment to the company.”
FY23 income sheet of Zeal Capital Market (UK) Limited
A Global Brand
ZFX operates in the UK with a Financial Conduct Authority license and offers leveraged trading with CFDs instruments. The tradename ZFX is controlled by the Zeal group of companies, as, apart from the UK, the brand operates globally with a Seychelles license.
Besides the retail offerings, ZFX provides institutional and other technology services in the trading industry.
“The recent global increases in interest rates and general economic uncertainty in the EU and US have caused market focus to shift away from what once considered to be 'core' FX products. This factor continues to make the anticipated global economic recovery much more difficult to predict,” the filing of the UK company added.
“The company had hoped to have a stronger year, and the anticipated recovery has turned out to be more distant. The volatility that the company had in focus for this year didn’t materialize into trade volume.”
The UK subsidiary of retail contracts for differences (CFDs) broker ZFX reported revenue of £883,639 for the fiscal year ended on 30 June 2023. The figure declined by almost 15 percent compared to the previous year’s £1.04 million.
A Tough Year for ZFX
According to the latest Companies House filing by Zeal Capital Market (UK) Limited, it ended the fiscal with a net profit of £151,408, a decline of 67 percent from £459,880 in the previous fiscal year. Notably, these figures only represent the performance of the UK subsidiary and not the broader Zeal Group.
Although the revenue of the company declined in the last fiscal year, its expenses increased. The filing shows that the administrative expenses of the UK company jumped to £681,321 in FY23 while the number was £575,727 in the previous year.
After expenses, the company's pre-tax profit came in at £202,318, which is 56 percent lower than the previous fiscal year’s figures with £462,404.
“Costs remain well-controlled, although the Board recognizes that continued investment is key to ensuring that the company continues to offer trading services backed by market-leading proprietary technology matched with a faultless support ethos,” the filing stated.
“The company continues to invest in the retention of the key personnel who contribute so much to the company’s success and whom the Board wishes to thank for their ongoing commitment to the company.”
FY23 income sheet of Zeal Capital Market (UK) Limited
A Global Brand
ZFX operates in the UK with a Financial Conduct Authority license and offers leveraged trading with CFDs instruments. The tradename ZFX is controlled by the Zeal group of companies, as, apart from the UK, the brand operates globally with a Seychelles license.
Besides the retail offerings, ZFX provides institutional and other technology services in the trading industry.
“The recent global increases in interest rates and general economic uncertainty in the EU and US have caused market focus to shift away from what once considered to be 'core' FX products. This factor continues to make the anticipated global economic recovery much more difficult to predict,” the filing of the UK company added.
“The company had hoped to have a stronger year, and the anticipated recovery has turned out to be more distant. The volatility that the company had in focus for this year didn’t materialize into trade volume.”
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
CMC CapX Spotlight Streams FTSE Executive Presentations to Retail Investors
CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
