Admiral Markets AS Sees a 138% Increase in Active Clients for H1 2021

Estonia-based Admiral Markets AS, operating with the tradename Admirals, released its unaudited six-month financial results for 2021 on Tuesday. According to the press release, the company witnessed 82% more applications than in 2020 and 451% more than in the first semester of 2019.

The growing number on its customer base comes aligned with Admirals’ expansion on Amman, Jordan, where it opened its first office, while also securing a regulatory license in South Africa. In 2020, Admiral Markets AS experienced a 24% surge in net trading income compared to 2019, as it was EUR 9.1 million for the first six months of that period.

For this instance, the number of active accounts in Admiral Markets AS was up 16% to 48,638 accounts compared to the same period of 2020 and up 141% compared to the same semester in 2019. “We’ve all seen how COVID-19 has shaken up the markets so as the first half of 2020 could be described in terms of its high market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term, which made a strong start for 2020. The first half of 2021 brought low volatility on the financial and commodity markets, which translated into a decline in revenue and profitability,” Sergei Bogatenkov, CEO of Admiral Markets AS, commented on the financial results.

Other Figures

Additionally, the value of trades increased by 49% in the first semester of 2021, and the number of trades skyrocketed by 90%. On the other hand, the cost to income ratio was 120%, which is up compared to last year’s figure of 39%.

“This is a profound landmark for us because we want to demolish the boundaries that were once barriers to people entering the financial world. On the contrary, as a disruptor of the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term world, we offer and strive to continue to provide solutions to enable easy access to financial markets to everybody, everywhere at anytime,” Bogatenkov added.

Recently, Admiral Markets AS issued a volatility warning to its clients who trade Swiss Franc (CHF) amid speculations on possible intervention from the Swiss National Bank (SNB).