FXTM UK Registers Rise in Profit in 2022, But Slight Dip in Revenues
Source: Chloe
Exinity UK, the operator of the British unit of retail FX and CFDs broker, ForexTime (FXTM), has published its financial results for the year ended 31 December 2022, unveiling a significant rise in profit, despite a slight decrease in revenues during the period.
The broker generated revenues of £1,679,627 in 2022, compared to £1,795,371 in 2021. The profit surged 1803 percent to £319,251 from the prior year's £16,778.
At the end of the year, the company held client funds of £580,953, compared to £229,956 in 2021, up 153 percent.
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