TF Global Markets UK Ltd Reports 37.5% YoY Decline in Turnover in 2021

TF Global Markets (UK) Ltd, the British arm of online broker ThinkMarkets, unveiled on last Friday the financial statements for the year ended on December 31, 2021. 

​More specifically, the UK-based broker reported a turnover of £2,739,608, 37.5% lower than the prior year's £4,388,947. Operating profit for the year came in at £250,112, compared to £206,556 in the same period of 2020. Profit for the financial year stood at £304,988, increased by 9.3% compared with prior year's £278,925.

Moreover, TF Global Markets UK posted a profit before taxation of £318,112. This number for 2020 was £274,556. Administrative expenses dropped from the previous year's £4,182,391 to £2,489,496. In addition, net assets of the company reached £3,172,900, compared to 2020's £2,867,912. 

As Fazzaco reported earlier, ThinkMarkets has delivered a new web version​ for its proprietary trading platform ThinkTrader, which can be used now on major internet browsers including Chrome, Safari, Firefox and Edge. The mobile version of the solution has been available for many years now.