Admiral Markets AS Achieves Record Financial Results in H1 2018

Admiral Markets AS, the Estonian-based financial trading provider of Admiral Markets Group, has published its unaudited interim report for the first six months of 2018. During the first half of this year, the firm experienced record financial results.

Net trading income saw an impressive year-on-year increase of 40% in the first half of 2018, coming in at €12.6 million ($14.7 million). In the same period last year, net trading income was €9 million.

Net profit also saw a sizeable jump. In the first half of this year it was €5 million, 127% more than the first half of 2017, which saw a net profit of €2.2 million. Operating expenses increased by 24% year-on-year to reach €7.7 million. This was mainly driven by an uptick in online marketing costs.

Working with ESMA’s regulation

In the wake of the newly implemented European Securities and Markets Authority (ESMA) regulation on contracts for differences (CFDs), the forex and CFDs broker had to lower its leverage levels for CFDs on Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term currency pairs, indexes, commodities and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

However, the broker has outlined a number of things that it will do in the report to ensure that it can still offer its retail investors investment opportunities.

Like many brokers in the European Union, Admiral Markets AS allows its retail clients to categorise themselves as professional investors if they meet the requirements. At the time of preparation for the interim report, the number of professional investors using the firm’s services had risen to 6%.

For retail investors who don’t meet the qualifications of a professional investor, they can enter into a customer agreement with Admiral Markets Pty Ltd in Australia, an investment firm belonging to the same consolidation group. The firm is also developing new products that are not within the scope of ESMA’s regulation but are still attractive to investors, it said in the report.

Forward outlook

In the second half of this year, the forex broker will continue to expand into new markets and execute its global strategy. The company also plans to increase its offering for institutional and professional investors, develop and launch a new personal 'Trader’s Room', update its mobile application and launch a new self-education program for trading in the financial markets.