According to Finance Magnits, Fortrade Broker is currently focusing on expanding into both new and major markets.

London-based Forex Trading, one of the forex brokers in the CFD market, has released its annual financial results for 2019, which show a decline in revenue and profits. However, the company seems “satisfactory” given the state of the industry and the economy.

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Revenue for the period was just over $ 15.54 million, down from $ 17.66 million last year. The annual decline was 12 percent. In addition, the cost of sales fell to $ 12.15 million. That figure was about $ 14.3 million last year.

However, the broker recorded a gross profit of $ 3.39 million, bringing heavy administrative expenses to $ 100,884 in operating profit, down 70% from 2018.

The London-based broker, tired of other sources of revenue and tax cuts, reported a net profit of $ 147,404, down from $ 363,447 in 2018.

Ready to develop

Founded in 2013, Fortrade offers CFD market trading services along with Forex, stocks, indices, commodities and treasuries of the United States. Which targets both retail and institutional customers.

The broker had already prepared for Britain’s exit from the European Union, set up an institution in Cyprus for its European activities, and in March 2020 obtained the relevant license.

In addition, the country has another license from the Belarusian legislature.

Apart from Europe, Fortrid is more closely monitored due to its global operations in Australia and Canada.

The group is still looking for opportunities both in the UK and abroad. “Therefore, managers expect the group to grow in both the central market and new markets, which will lead to improved group financial results and the growth of key performance indicators, number of customers and business volume.”

Recently, the broker signed a sponsorship deal with Scotland’s top football club, Rangers, for 18 months, giving him access to the club’s physical and digital real estate for advertising.

Exness adds the feature of trading opportunities to your trading program

Exness Broker has recently added a whole new feature to its trader offer called Trading Opportunities.

The new feature of Exxon will be a helping hand to all eager customers, especially newcomers. The latest tools have now been added to the Exxon program and will help traders make the right decision about what to trade when in doubt or trading. This feature also includes a detailed overview of the market and an important addition for all foreign customers.

Trading Opportunity Trading Opportunities show detailed information about the types of trading opportunities, including the gains and losses they have made in one day. All tools are grouped by type and sorted by the amount of increase or decrease per day. Multiple charts are all instantaneous and super fast. This feature is for both Android and iOS operating systems. IOS available.

Exness, one of the top Forex brokers, has added new financials to its offerings, including popular stocks of Tesla, Amazon, Apple and Netflix. The number of active traders in Exxon in 2020 increased to 143,560, which is almost double the number compared to 2019, which was 72,721. The broker closed 315,585,372 orders last year, managing withdrawals of $ 593 million and $ 100 million from clients and partners.

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“By adding features like business opportunities, we give our customers a better understanding of the market,” says Alexey Olkov, product owner at Exness. We also provide the highest level and quality training to our customers and keep them up to date and well informed. We will soon add more business ideas based on the needs and requests of users and experts, the latest and hottest news, and so on. ”

Alpha FX Alpha FX Group releases updates for EU customers

According to Finance Magnits, the group will not be able to provide services to some customers in some European countries.

Alpha FX Group, the UK Forex FX service provider, announced today that the broker will not be able to serve clients in some European countries as a result of Britain’s exit from the EU Brexit.

According to the official transaction update provided by the company, Alpha FX provides services to European derivative customers through reverse request and on the basis of only one execution. The problem with the reverse request is that it is not processed uniformly in EU countries, and as a result, the company’s customers from certain EU member states will not be able to trade new Alpha FX until its Maltese subsidiary is operational.

The vast majority of preparations for the Maltese subsidiary were completed before 2021, and no letter of protest was received from the Maltese financial regulator. However, the group decided not to start the final adjustment until the outcome of the UK withdrawal from the EU Brexit was confirmed, knowing that the conditions required were vulnerable to variability and that this process might even be unnecessary.

The broker experienced a spike in 2020 with a jump in revenue last year, but net profit fell. He was transferred from the board of directors to the active role of strategic advisor to play an important role in the strategic processes of the group.

Despite the challenges the team faced, the team ensured that 2020 would be another consecutive year of rapid growth in all areas of the business. The core reason for the success of the Alpha team is our people, and I am very proud of our team for overcoming the challenges as they should. “This is a real privilege for the leadership of this group, and I believe that the progress made this year will put us in the not-too-distant future.”

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