de | cn | ru

Brokers News

Japan's MONEX Reports Steep Rise in Profits in Q3

Monex Group Inc, the securities giant that owns Japan's Forex broker Monex Inc today announced its preliminary financial figures for the quarter to the end of December 2013, with profits and revenues recording a sharp increase. 

Let's kick off with the statistics and, particularly, with the parameter which is the most important when it comes to financial results: net profits. The net income for the third quarter of the company's fiscal year amounted to JPY 2.5 billion ($24.2 million), up by massive 56% from the preceding three-month period. Revenues also staged a rise on a quarter-on-quarter basis, reaching JPY 13.3 billion – 7% higher than in the three months to the end of September 2013. 
Now, let's take a look at some annual comparisons, which are set to illustrate the financial fortunes of the group better, as they strip off seasonal factors. Overall revenues from operations for the nine months until December 31, 2013 equal JPY 42.6 billion, a growth of impressive 84% from the result from the corresponding period a year earlier. Pre-tax profits surged 838% year-on-year to JPY  15 billion, while net profits amounted to JPY 9.2 billion – a rise of 497% against the JPY 1.54 billion registered a year ago.
As you can see, the set of earnings is solid, obviously underpinned by successful attempts to reduce expenses and boost the portfolio of trading platforms
The release of the preliminary financial results comes after MONEX reported strong operating metrics for the whole of 2013, with annual global Forex volumes reaching $702.9 billion. They were up by massive 24% compared with the $567 billion seen in 2012. December was a robust month for Monex Group, as global FX volumes totalled $41.9 billion, an increase of 1% against December 2012, and a  rise of 4% against levels seen in November 2013. The number of daily average revenue trades (DARTs) also held well at 347,664 in December 2013, staging a jump of 16% against levels from the same month in the preceding year.
For the full press release of third-quarter results of MONEX, click here.

About Monex Group Inc.

Monex Group Inc is an online securities brokerage providing advanced financial services to individuals and investors. The company is considered a pioneer among Japanese online securities brokers, and its services cover M&A advisory, debt & equity underwriting, asset management focusing on alternative investments, investment education, and other investment banking functions. Monex Group has offices throughout Asia, and the recent acquirement of brokers TradeStation and IBFX opened its way to the US market as well.
TAGS: monex group  monex japan  monex forex broker  japan forex broker  financial results  corporate performance  q3  earnings  forex results  financial metrics  2013  fiscal year  profits  revenues 

More news about Monex

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$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
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Hong Kong SFC MarketSpeed FX,
Trading Station
$1 Review

More Forex Brokers News

FC Barcelona and FBS Sign New Global Partnership Agreement

Jan 17 2020 13:05:55

Broker specializing in online trading becomes club’s Official Trading Partner for four years, through 30 June 2024. Read more

FP Markets adds Autochartist to its list of analytical tools

Jan 13 2020 17:56:25

FP Markets, one of the leading brokers in Australia and a trusted global Forex and CFD broker, has added yet another instrument to its long list of trading tools  - the Autochartist - an online technical analysis tool which scans the market to provide detailed breakdowns across a wide range of ... Read more

FBS clients grow to over 14 million in 2019

Jan 07 2020 18:15:13

FBS, one of the leading players in the forex industry, published its annual report for 2019, celebrating its 10th birthday and 14 millionth client in some 190 countries around the globe. Read more

#FBS2020: FBS Gives Away Lucky Gift Boxes In A New Year Promo

Dec 09 2019 14:36:59

As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises. Read more

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

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

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 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

de | cn | ru