The UK-based forex broker AT Global Markets UK Limited (ATFX UK) had an excellent year in 2020 with revenue surging by well over 35%. The results filed with Companies House and which were for the period ending October 31 2020 also showed a considerable jump in trading volume. The forex broker generated a turnover of more than £3 million which is a considerable increase from the 2019 results which came in at £2.23 million. However, this impressive increase did not stop ATFX from registering a significant loss of £766.416 due to a rise in administrative expenses. The forex broker also said that its overall results remained neutral. If you haven’t yet started trading brokers, have a look at these Top Forex Brokers. Forex broker ATFX provides a variety of trading services and continues to grow Get FREE Forex Signals Now! ATFX UK is licensed by the UK Financial Conduct Authority and is part of a larger group of entities that are regulated across the world. The broker provides a raft of online trading services which include forex and CFD’s (contract for differences) to an ever-growing number of retail and professional services. The financial figures published only deal with the performance of the UK-based entity and not the group as a whole. 2020 was a busy year for ATFX as it continued focusing on the expansion of activities, chief of which is the ATFX Connect Brand. The latter is an institutional offering to professional clients. The forex broker also invested considerably to enhance its marketing channels. ATFX UK Continues Strengthening Its Balance Sheet ATFX also focused considerably on strengthening its balance sheet apart from its core business activities. The forex broker raised additional capital in the year through a share offering worth £4.65 million. The net assets of the company rose to an impressive £6.34 million at the end of the financial year. The previous year, ATFX’s assets were £2.45 million which included a cash balance of £5.76 million. In the meantime, the broker is also mounting an aggressive campaign to expand its presence internationally. ATFX UK opened an office in Poland last year. Strangely though, the forex broker stated that would not be serving any new clients from this office. The latest filing also stated that the company will adjust its strategy to face the challenges of Brexit and the Covid19 pandemic. “The company will continue to adjust the strategy to face the ongoing pandemic, the fallout of Brexit and continued changing regulatory landscape”. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Forex Industry share Read Next USD/CAD Price Poised to Correct Lower, Dismal Data Helps Bears Olimpiu Tuns 3 months The UK-based forex broker AT Global Markets UK Limited (ATFX UK) had an excellent year in 2020 with revenue surging by well over 35%. The results filed with Companies House and which were for the period ending October 31 2020 also showed a considerable jump in trading volume. The forex broker generated a turnover of more than £3 million which is a considerable increase from the 2019 results which came in at £2.23 million. However, this impressive increase did not stop ATFX from registering a significant loss of £766.416 due to a rise in administrative expenses. The forex broker also… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
