Forex Broker CMC Markets and another subsidiary CMC Spreadbet Sees an Impressive 47% and 58% Jump In Revenue respectively for FY2021 Ending In March Profit Also Grows to £2.75 Million and £150 million Over The Period for both entities Revenue From Both CMC Spreadbet and CMC Markets Clocks In At £27.29 and £394.1 Million Respectively. It has been an excellent year for the forex broker and London Listed CMC Group. Their two subsidiaries; CMC Spreadbet plc and CMC Markets UK plc published their annual financials for the 2021 fiscal year which ended on March 31st. Business from both divisions flourished and the final revenue figures for both subsidiaries were £27.9 million and £394.1 million for CMC Spreadbet and CMC Markets respectively. These figures were a jump of 47% and 57% for both entities. CMC Spreadbet is the subsidiary that provides regulated spread betting services that are not allowed in many countries. However, these are very popular in the UK as there is no capital gains tax on profits and gains made. On the other hand, CMC Markets UK offers CFD’s as well as other trading services under its UK FCA license. If you’re interested to start trading forex then you should have a look at this Beginner’s Guide To Forex Trading. Forex Broker CMC Group Also Reports A Substantial Rise In Profits From Its Subsidiaries Get FREE Forex Signals Now! It was not only revenue that saw substantial gains in this financial year, however. Both CMC Spreadbet and CMC Markets saw a substantial rise in profits too. The spread betting business reported a jump in profits to £2.75 million, almost double last year’s £1.4 million. CMC Markets performed even better with a profit figure of £150.6 million in FY2021, a more than 100% increase from the £65.1 million in FY2020. Net operating income from CMC Markets also saw a considerable boost, increasing to £373.6 million from the previous year’s £231.5 million. If you haven’t started trading forex yet, take a look at these Top Forex Brokers. Strong financial performance for CMC Group As A Whole The figures from both companies were broadly in line with the previously published financials of CMC Markets plc. This is the ultimate parent company of all CMC subsidiaries. As previously reported elsewhere, the group company reported a 63 percent rise in its operating income with a figure of £409.8 million. Pre-tax profits also came in at an impressive £224 million. CMC Markets UK previously operated in both the UK and Europe but after the Brexit deal was closed, the group formed a separate entity in Germany to continue its operations in Europe. “During Q4 2021, all professional and retail European resident clients not already onboarded onto the German subsidiary were invited to transfer their accounts from the CMC Markets UK plc to the new German subsidiary,” the company stated in the Companies House filing. 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 Litecoin Plunges to $162 (-0.55%) – Buy Cheap Now Ali B. 2 months Forex Broker CMC Markets and another subsidiary CMC Spreadbet Sees an Impressive 47% and 58% Jump In Revenue respectively for FY2021 Ending In March Profit Also Grows to £2.75 Million and £150 million Over The Period for both entities Revenue From Both CMC Spreadbet and CMC Markets Clocks In At £27.29 and £394.1 Million Respectively. It has been an excellent year for the forex broker and London Listed CMC Group. Their two subsidiaries; CMC Spreadbet plc and CMC Markets UK plc published their annual financials for the 2021 fiscal year which ended on March 31st. Business from both divisions flourished… 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.
