LandFX UK Registers Profit in 2021 despite Revenue Dip

LandFX UK Ltd, the FCA-regulated subsidiary of the LandFX group, published its financials for fiscal 2021, which ended on December 31, reporting a profit of £13,546 and recovering from a loss of £8,720 in the prior year.

It was the first year in the operations history of the broker when its UK operations turned a profit, though the losses were narrowed significantly last year. It posted a pre-tax loss of £221,167 in FY19 and £591,485 in FY18.

However, the broker took a hit on its trading turnover last year. According to the Companies House filing, it generated a total turnover of £711,544 in fiscal 2021, compared to £766,199 in the previous year. That was a year-over-year decline of more than 7 percent.

Moreover, the broker managed to cut its sales costs and administrative expenses. The reported numbers showed that the sales cost went down to £13,943 from £23,029. Also, the administrative costs dropped by more than 9.1 percent to £683,224.

The decreased expenses resulted in an operating profit of £14,377, compared to a loss of £8,720 in the previous financial year.

Expansion Continues

LandFX UK operates with a license obtained from the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term) in 2016. It launched an institutional offering under the brand Land-Liquidity and provides institutional Liquidity for FX, CFDs, metals and commodities. It focuses on filling the gap between clients and prime brokers that require a substantial amount of capital to provide an institutional level of liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

Furthermore, the broker revealed that it continued to expand its client base in the European and non-European markets last year with online and offline marketing channels, a strategy that has remained the same for the broker over the past few years.