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2023
FXCM UK Reports Whopping Profit Decline in 2023 as Traders Activity Wanes
- Stratos Markets Limited showed a net loss for 2023, a stark contrast to the previous year's profit.
- The company attributed the slump to decreased market volatility, with retail trading volumes down 37.6%.
Wednesday, 16/10/2024 | 06:54 GMT by
Damian Chmiel
Broker’s Exit Suggests £1.3 Million Net Profit Is Insufficient for The UK CFD Market
- TrivePro decided to wind down operations despite reporting net profits two years in a row.
- Although revenue dropped 18% in 2023, financials did not indicate any serious issues for the CFD company.
Thursday, 10/10/2024 | 08:38 GMT by
Damian Chmiel
TRADE.com UK Reports 60% Profit Growth in 2023
- The FX/CFD broker reported significant growth in 2023, with revenue up 18% to £892K and net profit increasing to £218K.
- The company has recently expanded operations to Italy and added prop trading services.
Monday, 26/08/2024 | 06:25 GMT by
Damian Chmiel
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
XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
- One of the XTX's UK entities reported a drop in net revenue to £8.4 million.
- However, the management considers the results satisfactory given the exceptionally strong performance in 2022.
Sunday, 19/05/2024 | 11:59 GMT by
Damian Chmiel
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