de | cn | ru

Brokers News

GAIN Capital’s EBITDA, revenue grow in Q3 2015

Nov 03 2015
By
Forexbrokerz.com
GAIN Capital Holdings, a US-based online trade services provider and owner of the retail forex broker Forex.com, reported on Tuesday its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 51% over the year to USD 58.8 million in the nine months through September 2015. 
 
The holding company’s net revenue amounted to USD 332.4 million in the January-September 2015 period, posting an increase of 30.5% compared to the same period a year earlier. 
 
In the third quarter alone, GAIN Capital had an EBITDA of USD 29.8 million and a net revenue of USD 127.9 million, up by an annual 5.3% and 23.3%, respectively.  Compared to the previous quarter, the company’s EBITDA jumped more than threefold from USD 9.2 million, while its net revenue was up 14.6% from USD 127.9 million. 
 
The company’s financial results in the third quarter were positively affected by the scaling and diversification of its retail business, according to GAIN Capital CEO Glenn Stevens. Furthermore, four product groups contributed by USD 10 million each to its total retail revenue. "Non-FX products represented 50% of retail revenue year-to-date, which further illustrates GAIN's progress on its diversification strategy,” Stevens said. “Third quarter average daily OTC volume of USD 15.6 billion represents an increase of 30% over the same period last year and reflects the impact of GAIN's acquisition of City Index, as well as its ability to grow active accounts," he also said, adding that the integration of City Index is on track to achieve USD 40-45 million in run-rate cost synergies by the fourth quarter of 2016.
 
In the first nine months of 2015, GAIN Capital’s revenue from retail services was USD 300.4 million, up by nearly 35% on the year, and its institutional revenue increased nearly 4% over the year to USD 26.7 million. In the third quarter alone, the company’s retail revenue grew by an annual 31.4% to USD 118.8 million, while its institutional revenue went down by 2.3% year-on-year to USD 8.3 million. 
 
GAIN Capital’s total assets amounted to USD 1.5 billion at end-September 2015, compared to USD 1.18 billion at the end of 2014.
 
TAGS: gain capital  forex.com  ebitda  revenue  q3 2015 

More news about Forex.com

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

More Forex Brokers News

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand Trading.com

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Trading.com. Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

de | cn | ru