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FxPro UK turns a £1.48 mln profit in 2017

 

The UK arm of global forex broker FxPro has turned a profit of £1.48 million in 2017, shows the full accounts report filed with UK’s Companies House on Monday. The figure represents an increase of more than 38% over previous year, when the broker made £1.07 million in net profit.

 

Furthermore, the report shows that the total revenue of FxPro UK for 2017 was £4.42 million. This is a 36% year on year increase on 2016 when the company had £3.24 in revenue. According to the report, the revenue of the company in 2017 increased due to the growth in trading activity of its clients. The trading volumes at FxPro UK throughout 2017 amounted to $156 billion, which represents an increase of 39% from 2016’s $112 billion.

 

Here is an excerpt of FxPro’s comprehensive statement of income for 2017:

 

 

Unlike other brokers who scored big profits due to the Bitcoin spike, FxPro’s impressive growth is probably due to the spread-betting platform the broker launched in 2017 combined with normal growth and other factors. The broker currently does not offer trading in cryptocurrency CFDs.

 

FxPro is a leading online brokerage serving both retail and institutional clients globally. It has an extensive portfolio including forex pairs and CFDs on futures, indices, shares, spot metals and spot energies. The group of companies behind the FxPro brand are regulated by the financial authorities in UK, Cyprus, and Dubai, offering Negative Balance Protection and enabling clients to access top-tier liquidity.

 

TAGS: FxPro  annual report  2017 profit  UK 

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