Admiral Markets AS earned a profit of 0.9 million euros in the first half of 2019
During the first half of 2019, Admiral Markets Group AS and its subsidiary Admiral Markets AS continued its global expansion. Despite the low volatility in the global markets, Admiral Markets AS earned a net profit of 0.9 million euros and Admiral Markets Group AS a consolidated net profit of 1.4 million euros.
The parent company of Admiral Markets AS, Admiral Markets Group AS, showed record growth in active clients in the second quarter of 2019, the strongest indicator since the introduction of additional requirements to CFDs offered to retail customers in the European Union by the European Securities and Markets Authority (ESMA) in August 2018. The Group had 14,597 active clients in the second quarter of 2019, compared to the fourth quarter of 2018, when the corresponding figure was 12,457. In addition, the Group’s client assets increased by 19% during the first six months of 2019, reaching 37.6 million euros as of June 30, 2019.
Sergei Bogatenkov, the Chairman of the Management Board of Admiral Markets AS, said that the first six months of 2019 passed as expected. “We continued our strong expansion to new markets and opened new Group companies in Malaysia, the Republic of South Africa and Canada, which have a positive impact on our subsidiary Admiral Markets AS. At the same time we also strengthened our position in the segment of beginner traders, gained market share there, and raised brand awareness,” noted Bogatenkov.
“In the first half of the year, we dealt with large-scale IT projects to provide our clients with an even faster, safer and more user-friendly trading experiences in international financial markets,” said Sergei Bogatenkov, Chairman of the Management Board of Admiral Markets AS, adding: “We won the Best Forex Platform Award at the ADVFN International Financial Awards 2019 and the highest recognition in the trading world in Germany, where we were awarded the CFD Broker of the Year 2019 award. External recognition of the company confirms that our IT platform is among the best in the world, providing traders and investors with high-end user experience.”
Admiral Markets AS reports are available on the following website: https://admiralmarketsgroup.com/admiral-markets-as/reports/.
Under the international financial services trademark of Admiral Markets, customers are offered Forex and leveraged Contract for Difference (CFD) web-based trading service in the over-the-counter market as well as listed instruments. Since the foundation in 2001, Admiral Markets has continually expanded its reach, and today it services worldwide through regulated trading companies.
Investment company Admiral Markets AS, established in Estonia, is a branch of Admiral Markets Group AS, which has the right to provide investment services under the operating license of the Estonian Financial Supervision Authority in the European Union and the European Economic Area countries. Admiral Markets Group AS is physically represented in 16 countries through its regulated trading companies with a customer portfolio covering over 120 countries.
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Please note that the announcement should not be considered as investment advice, consultancy or other ancillary services. Before making the investment decision, Admiral Markets AS recommends you to consult with advisers.