ATC Brokers Reports Massive Decline in 2019-20 Revenue

ATC Brokers, a UK’s FCA-regulated FX and CFDs broker, has published its annual financial report with Companies House, showing a massive decline in its business, as well as its income.

The annual financial figures report tracked the numbers till April 30, 2020, that were covered during the market volatility of March when most of the brokers saw a record rise in demand.

The total turnover for ATC Brokers, from May 2019 till April 2020, stood at £2.47 million, compared to £4.82 million last year, a decrease of 47.75 percent. This resulted in an annual operating loss of £216,100 for the period, while the previous year it posted a loss of £198,821, meaning the loss of the broker deepened further.

In the income statement, the broker detailed that after incurring a total sales cost of £2.04 million for the year, it had a gross profit of £429,519. However, factoring-in the massive operating cost of £645,619, it turned into losses.

Business Is Declining for a Couple of Years Now

ATC was incorporated as a brokerage in 2012 in the United Kingdom and also obtained a license from the Financial Conduct Authority (FCA) to continue its business. Its offerings include trading with FX, equities contracts for differences, and commodities.

Notably, the broker is reporting declining turnovers after its numbers peaked at £8.89 million in 2019, but tanked to £4.82 million the next year. Though the brokerage was profitable in 2018, the dip in revenue dragged its books into losses.

In the latest Companies House filing, the broker did not specify the exact reason behind the massive decline in its revenue. Furthermore, it is unclear how it performed during the March 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 or the impact on ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term’s restrictions on leverages and promotions.