According to FxPro’s annual accounts filed yesterday with the UK Companies House, the broker has tripled both its revenues and trading volumes in 2015. The total revenue of FxProfor the previous year was nearly £2 million, shows the accounts report, while in 2014 the company registered a net loss of £63 537.
At the same time, throughout 2015 trading volumes at FxPro UK amounted to $63.5 billion, a figure which is almost three times higher than 2014’s $22.8 billion. This is mainly due to the client number increase, along with a rise in trading activity because of greater market volatility in 2015.
What is more, according to the document, which was drawn up this March and filed with UK’s Companies House on September 27, the company has turned a profit of £1.12 million, while the total assets amounted to £2.02 million. As a result of the profits of the year, the company’s net assets rose to £1.5 million. Cash and cash equivalents also increased to £1.97 million.
Besides, the report outlined some risks for FxPro, the main being financial uncertainties, operational and systems failures, compliance, litigation and reputation risks.
In line with its transparency policy, earlier in August the brokerage revealed key execution statistics for the second quarter of 2016, ending June 30. According to the data provided, orders executed with positive slippage continued to dominate in Q2, rising to almost 50%, and requotes shrink further.
FxPro is a leading online brokerage, regulated by Cyprus’ Securities and Exchange Commission (CySEC) and UK’s Financial Conduct Authority (FCA). The broker operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity. It offers complete services for all retail forex market segments, as well as trading with futures, indices, metals, shares, and CFDs.Publication source