Forex and CFDs Broker Acetop Reports £687,536 Loss in 2021

Acetop Financial Limited, a forex and CFDs brokerage firm authorised and regulated by the Financial Conduct Authority (FCA), has disclosed its yearly financials for the financial year 2021.  

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The platform generated only £170,169 from revenue and other incomes last year, which is 76 percent lower than £710,701 it generated in the previous year. For the year, Acetop's revenue came both from the trading side with the provision of liquidity to its professional and corporate clients and from its outsourced services.

After considering interests and expenses, the company reported a net loss of£687,536, whereas the figure was £510,381 in the previous year. Additionally, the total asset of the broker went down from £3.4 million to £3.1 million, with a net of £2 million.

According to the company, the total notional trading volume on Acetop reached $3.5 billion in 2021, which mostly came from its spot gold offerings.

"The UK broker continues to serve clients from the UK and the rest of the world, with a small intake of new clients in 2021,"the company said."With other Acetop companies looking to explore new jurisdictions, it is hoped that the UK office will continue to expand its outsourced services and be an integral part of the global infrastructure."