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Brokers

LCG UK Increases Revenue, but Net Loss Deepens by 30% in 2022

  • London Capital Group Limited is part of the currently troubled FlowBank.
  • However, the company's board is taking actions to ensure profitability in 2024.
Wednesday, 11/09/2024 | 07:25 GMT by Damian Chmiel
Payments

B2B Focus Pays Off for UK Payment Firms in H1 2024 Results

  • Equals Group and Finseta reported strong financial results for H1 2024, with significant revenue growth.
  • They are investing in new technologies to capitalize on the growing demand for innovative payment solutions.
Tuesday, 10/09/2024 | 08:00 GMT by Damian Chmiel
Brokers

LandFX Boosts Net Profit by 20% despite Sharp Decline in 2023 Turnover

  • The company reported a turnover of just under £600K, down 27% from 2022.
  • Despite this, it managed to improve both operating profit and net profit.
Monday, 02/09/2024 | 09:25 GMT by Damian Chmiel
CryptoCurrency

This TOP10 Crypto Exchange's Revenue Collapsed by Over 70% in One Year

  • The UK-registered branch of Bitstamp earned four times less than in 2022.
  • Moreover, the net loss increased from €7 million to nearly €20 million.
Saturday, 31/08/2024 | 13:51 GMT by Damian Chmiel
Institutional FX

Monex Europe Reports Decline in Net Trading Income for 2023

  • Two separate entities are responsible for the company's operations in Europe.
  • One achieved higher net profit, while the other reported a loss.
Thursday, 29/08/2024 | 07:25 GMT by Damian Chmiel
Institutional FX

FXSpotStream's European Arm Reports 40% Revenue Growth

  • The company's net profit increased by over 60% to $183,000.
  • In the meantime, the net total assets rose by 30%.
Wednesday, 28/08/2024 | 09:39 GMT by Damian Chmiel
Brokers

Valutrades' Revenue Plummets Nearly 80% in a “Challenging Year”

  • The CFD company lost £3.8 million in 2023.
  • Retail client funds also shrank to just under £2 million.
Wednesday, 28/08/2024 | 06:53 GMT by Damian Chmiel
Brokers

ATC Brokers UK Closes Year with Profit Thanks to Doubled Revenue

  • Company turnover tripled to £5.6 million.
  • FX/CFD broker earned £800,000, reversing previous year's £50,000 loss.
Monday, 26/08/2024 | 06:45 GMT by Damian Chmiel
Brokers

Trade Nation UK Struggles with Profitability as Staff Costs Rise 26%

  • The company's operations experienced a downturn in 2023, with turnover decreasing by 5% and a net loss of £2.2 million.
  • It attributes this to increased staff and marketing expenses, despite growth in other jurisdictions.
Tuesday, 20/08/2024 | 09:17 GMT by Damian Chmiel
Institutional FX

Smart Trade Technologies UK Reports 100% Operating Profit Growth in FY24

  • The company’s turnover reached £18 million, while net profit stood at £2.2 million.
  • Compared to 2022, profits have increased by 1,000%.
Monday, 19/08/2024 | 07:36 GMT by Damian Chmiel
Institutional FX

Equinix's 86-Quarter Growth Streak Accelerates as AI Wave Drives Record-Breaking Results

  • The company reported strong Q2 results with 7% revenue growth and raised its full-year guidance.
  • It is expanding globally to meet surging demand for digital infrastructure and AI-related services.
Thursday, 08/08/2024 | 06:24 GMT by Damian Chmiel
Institutional FX

Compagnie Financière Tradition Boosts H1 2024 Revenues to CHF 557M

  • Swiss interdealer broker also saw solid performance in the second quarter, with a 14.4% increase.
  • Despite currency headwinds, the company reported growth across all regions.
Thursday, 08/08/2024 | 05:52 GMT by Damian Chmiel
Institutional FX

TP ICAP Flexes Financial Muscle with Record £170M Profits and New £30M Buyback

  • TP ICAP reports 3% revenue growth and 9% EBIT increase in H1 2024, announces third share buyback.
  • The company sees strong performance in E&C, Parameta Solutions and Liquidnet divisions.
Wednesday, 07/08/2024 | 06:39 GMT by Damian Chmiel
Retail FX

StoneX FX/CFDs Revenue Up by 6%, but FINRA Fine Overshadows Record Operating Numbers

  • The company achieved the highest revenues in its history, $468.5 million, and higher CFD numbers.
  • However, the positives are eclipsed by a decline in net profit and a fine of $75,000.
Wednesday, 07/08/2024 | 06:25 GMT by Damian Chmiel
CryptoCurrency

CoinShares' Q2 2024 Record Revenues Overshadowed by £22M FlowBank Impairment

  • CoinShares reported doubled revenue, but faced a significant setback due to FlowBank's bankruptcy.
  • On a positive note, the company completed the sale of its FTX claim, achieving a 116% recovery rate.
Tuesday, 06/08/2024 | 06:52 GMT by Damian Chmiel
Brokers

XTB Sees “Well-Oiled Machine” as H1 2024 Revenue Jumps to Record $938M

  • However, the results for Q2 were significantly worse than those at the beginning of the year.
  • From April to June, the net profit dropped by nearly 50% to $40 million.
Monday, 05/08/2024 | 06:21 GMT by Damian Chmiel
Brokers

ParFX Sees 84% Profit Drop in 2023 as Client Base Shrinks

  • The overall revenues dropped by 14% to $4.8 million.
  • Meanwhile, the operating profit shrank to $1.2 million.
Monday, 29/07/2024 | 06:25 GMT by Damian Chmiel
Institutional FX

Cloud Provider Beeks Sees 27% Revenue Increase in FY24

  • Cloud computing provider sees increase in recurring revenue amid expansion of services.
  • Results are expected “to be in line with consensus expectations.”
Monday, 22/07/2024 | 06:41 GMT by Damian Chmiel
Brokers

Equiti Capital UK Reports 30% Drop in Income despite Revenue Gains

  • Although the net income dropped, the company reported increased trading revenue and operational profit in 2023.
  • Equiti also added 1500 new stocks and ETF CFDs to its offering.
Monday, 15/07/2024 | 06:22 GMT by Damian Chmiel
Payments

Finseta Sees 42% Revenue Jump as Forex Platform Gains Traction

  • The company reported revenue up 42% to £5.1 million and adjusted EBITDA increasing 300%.
  • Growth was driven by an expanded customer base and higher average transaction values
Tuesday, 09/07/2024 | 07:20 GMT by Damian Chmiel
Payments

Digital Bank Revolut Reports 95% Revenue Jump, Record £344M Profit

  • The company acquired 12 million new customers, increasing its base to 38 million.
  • Fintech is also confident that it will soon obtain a banking license in the UK.
Tuesday, 02/07/2024 | 06:16 GMT by Damian Chmiel
Retail FX

NAGA Slashes Staff by 40% amid Mounting Losses of €61M in 2023

  • The company's revenues shrank by 32% to €40 million.
  • However, the broker is trying to focus on the pros: positive EBITDA, higher volumes, and cost-cutting.
Monday, 01/07/2024 | 06:44 GMT by Damian Chmiel
Retail FX

CMC Markets Posts Record Post-Pandemic Revenue, Profit Surges 52%

  • The trading firm saw strong growth across retail and institutional segments.
  • Net operating income rose by 15% to £332.8 million.
Thursday, 20/06/2024 | 06:12 GMT by Damian Chmiel
Payments

IFX Payments’ Ibanq Fuels Record-Breaking Year with 59% Profit Surge

  • The company's strong performance is attributed to its flagship product, ibanq.
  • Key executive hires and global expansion efforts also played a vital role.
Tuesday, 28/05/2024 | 08:45 GMT by Damian Chmiel
Retail FX

Futu's New Paying Clients Surge 330% in Q1, Yet Profits Slip

  • The number of paying clients increased 23.5% year-over-year to 1.89 million.
  • However, the net income fell by 13.1% due to the higher marketing costs.
Tuesday, 28/05/2024 | 08:22 GMT by Damian Chmiel
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