FxPro UK Saw 11% Increase in Revenue for 2020

FxPro UK, the FCA licensed arm of global Retail FX and CFDs broker FxPro, has published its financial results for the year ended on 31 December 2020, with the trading provider achieving a profit for the year, following a loss in the previous year.

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Specifically, the broker posted a net profit of £466,597 for the year, compared to a net loss of £221,724 in 2019. The revenue for the year reached £1,723,281, increasing 11% compared to 2019. For the year ended 31 December 2019, FxPro UK posted revenues of £1,548,629. In addition, FxPro UK posted total income of £1,869,751, up from £1,672,922 in 2019.

In terms of expenses, the company saw a significant drop as the selling and marketing expenses reached £210,194, compared to £493,162 in 2019.

On 31 December 2020, the total assets of the company reached £6,267,450, compared to £5,106,657 in 2019. The company’s net assets increased to £4,568,467, compared to £4,101,870 in 2019.

As Fazzaco reported earlier, FxPro has updated its trading instrument list, adding over 100 new CFDs on shares to its offering. Clients of FxPro now can trade the shares of the most demanded US, UK, German and French companies.