During the first nine months of 2017, Admiral Markets generated a consolidated net trading income of €20.1m, and its operating expenses amounted to €13.8m by the end of Q3. There was a 36% increase in net trading income, compared to the same period in 2016 (€14.8m) and the increase in operating expenses was only around 8%. The company’s nine-month profit amounted to €5.4m.
The cost to income ratio has decreased to 69% at the end of Q3 in 2017, down from 84% at the end of the same period in 2016 – demonstrating an increase in Admiral Markets’ operating efficiency. “The results have shown significant growth on a sustainable basis. The number of active trading accounts in Q3 exceeded 25,000, increasing by over 4% in the previous quarter”, stated Sergei Bogatenkov, CEO of Admiral Markets Group AS.
In Q3, of the offered Forex pairs, the most preferred trading instruments were EUR/USD, GBP/USD and USD/JPY. Admiral Markets has experienced an increase in the popularity of a number of its index CFD instruments. Of the offered index CFDs, the most traded is DAX30, followed by DJI30.
Investment companies, operating under the Admiral Markets trademark, offer trading with Forex instruments and CFDs on indices, metals, energies, stocks, bonds and cryptocurrencies. Since its foundation in 2001, Admiral Markets has continually expanded its reach, and today services customers all over the world.
In Estonia, Admiral Markets has established an investment company, Admiral Markets AS, which is authorised to provide investment services under activity licenceissued by Estonian Financial Supervision Authority, in the European Union and in the European Economic Area (EEA) countries.
Admiral Markets investment companies are also licensed by the local financial regulators of UK, Cyprus and Australia.
Admiral Markets, which is headquartered in Tallinn, has physical presence in 16 different countries, employs around 200 personnel worldwide and has customer portfolio covering 90+ countries. Admiral Markets consolidated net trading income in 2016 was €23m and the shareholders equity €24.4m.
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Admiral Markets AS
Risk disclosure: Forex and CFDs carry a high level of risk and losses may exceed your initial deposit. Admiral Markets recommends you seek advice from an independent financial advisor to ensure that you understand the risks involved with Forex and CFDs trading.