Forex broker Rakuten Securities which is one of the largest in Japan published its quarterly financial results ending on June 30 2021. Although the figures showed a significant rise in revenue, net income was considerably down. Raken, which is headquartered in Tokyo reported an operating revenue of more than 20.5 billion YEN for the quarter under review. This is 21.3 percent higher than the 16.9 billion YEN which was generated in the same quarter of the previous year. The company’s net operating revenue increased considerably to 19.35 billion YEN when compared to Q2 of 2020 which came in at 16.35 billion YEN. Hefty drop in profit and net income for forex broker Get FREE Forex Signals Now! Although turnover increased dramatically, the same could not be said for net income and profits. The operating income of the Tokyo based broker registered at 2.8 billion YEN while ordinary income stood at 3 billion YEN. These figures came in at 3.3 billion and 3.2 billion YEN respectively for the same period in 2020. Net income also registered a considerable hit coming in at 1.67 billion YEN. This is a decrease of 21.5 percent when compared to 2020. If you haven’t yet started trading in forex, take a look at these Top Forex Brokers. Revenue And Profits Remain On Course For The Year Strong figures that were generated in the first quarter have kept Rakuten’s profits and net income on course though. Net operating revenue, as well as net income for the first six months of the year, were at 41.8 billion and 5.24 billion YEN respectively. This means that net operating revenue was up by 26.6 percent whilst income was up by over 8 percent when compared to the previous year. Rakuten Securities is one of the largest Japanese forex brokers and operates a number of regional businesses. One of these is in Hong Kong following the acquisition of one of FXCM’s businesses five years ago. The forex broker is a branch of the much larger Rakuten Group that has a number of businesses in various sectors such as the internet and payment services. There is a considerable expectation for the announcement of the broker’s consolidated financials in the next two weeks. The brokerage business increased its business substantially over the past year due to market volatility and a large influx of retail traders into the market. After a year of consistent business growth, Rakuten’s results how trading is changing substantially and moving in a positive direction. 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 Monero Price Forecast: XMR Bulls Loom at $215 Ali B. 3 months Forex broker Rakuten Securities which is one of the largest in Japan published its quarterly financial results ending on June 30 2021. Although the figures showed a significant rise in revenue, net income was considerably down. Raken, which is headquartered in Tokyo reported an operating revenue of more than 20.5 billion YEN for the quarter under review. This is 21.3 percent higher than the 16.9 billion YEN which was generated in the same quarter of the previous year. The company's net operating revenue increased considerably to 19.35 billion YEN when compared to Q2 of 2020 which came in at 16.35… 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.
