LandFX UK Limited, a subsidiary of the FCA-regulated LandFX Group, has released its full-year financial results for the year ended December 31, 2022, recording a 243% increase in profit before tax. The figure rose to £46,516 from £13,546 in 2021.
The broker reported a 15% increase in revenue for the period, taking the figure to £823,595 from £711,544 a year earlier. LandFX UK’s revenue mainly comes from commissions charged on forex and CFD trading and is based on trading volumes on its platform.
Compared to last year, the company’s administrative expenses increased by 8% to £740,160, up from £683,224. In addition, the cost of selling LandFX in the UK rose to £34,427 from £13,943 during the previous corresponding period. This represents an increase of 146%.
In 2022, the broker’s operating profit increased to £49,008, which is a 240% increase year-on-year compared to £14,377 in 2021.
Along with an increase in revenue and operating profit, the private company, limited by shares and incorporated in England and Wales, also expanded its balance sheet during the period, with net assets increasing by 10% from £425,017 to £471,533.
Institutional liquidity for forex and CFDs
LandFX UK is authorized and regulated in 2016 by the Financial Conduct Authority (FCA). The company offers institutional offers Liquidity
Liquidity
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
Read this term for foreign exchange and CFDs, including spot metals, spot oils, indices and commodities, according to its website.
In a previous filing with the British watchdog, LandFX UK said the company continues its expansion into European and non-European markets through both online and offline marketing campaigns.
In 2017, LandFX UK launched collaborations with top-tier banks and non-bank liquidity providers and began accessing feeds from Citi, Barclays, Morgan Stanley, JPMorgan, and Goldman Sachs, among others. The company’s primary focus is on enhancing spreads, execution quality, global locations, and transparency of execution processes.
UK Bank Integral Taps; StoneX’s flagship brokerage; Read snippets of today’s news.
LandFX UK Limited, a subsidiary of the FCA-regulated LandFX Group, has released its full-year financial results for the year ended December 31, 2022, recording a 243% increase in profit before tax. The figure rose to £46,516 from £13,546 in 2021.
The broker reported a 15% increase in revenue for the period, taking the figure to £823,595 from £711,544 a year earlier. LandFX UK’s revenue mainly comes from commissions charged on forex and CFD trading and is based on trading volumes on its platform.
Compared to last year, the company’s administrative expenses increased by 8% to £740,160, up from £683,224. In addition, the cost of selling LandFX in the UK rose to £34,427 from £13,943 during the previous corresponding period. This represents an increase of 146%.
In 2022, the broker’s operating profit increased to £49,008, which is a 240% increase year-on-year compared to £14,377 in 2021.
Along with an increase in revenue and operating profit, the private company, limited by shares and incorporated in England and Wales, also expanded its balance sheet during the period, with net assets increasing by 10% from £425,017 to £471,533.
Institutional liquidity for forex and CFDs
LandFX UK is authorized and regulated in 2016 by the Financial Conduct Authority (FCA). The company offers institutional offers Liquidity
Liquidity
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
Read this term for foreign exchange and CFDs, including spot metals, spot oils, indices and commodities, according to its website.
In a previous filing with the British watchdog, LandFX UK said the company continues its expansion into European and non-European markets through both online and offline marketing campaigns.
In 2017, LandFX UK launched collaborations with top-tier banks and non-bank liquidity providers and began accessing feeds from Citi, Barclays, Morgan Stanley, JPMorgan, and Goldman Sachs, among others. The company’s primary focus is on enhancing spreads, execution quality, global locations, and transparency of execution processes.
UK Bank Integral Taps; StoneX’s flagship brokerage; Read snippets of today’s news.