Valutrades Reports 10.7% YoY Increase in Turnover in 2021

​Valutrades, a forex and CFDs broker regulated by the Financial Conduct Authority, has revealed its financials for the year ended on December 31, 2021. 

More specifically, the UK-based broker reported a turnover of £4,419,336, 10.7% higher than the prior year's £3,991,114. Operating loss for the year came in at £443,575. By contrast, the previous year registered an oprerating profit of £865,155. Gross profit dropped from 2020's £3,170,301 to £2,198,460.

In 2021, Valutrades' loss before tax totaled £443,263, while the company's profit before tax for 2020 was £884,266. Loss for the financial year reached £471,549. In addition, net assets of the company hit £3,978,388, compared to 2020's £4,449,937. 

As Fazzaco reported earlier, Valutrades has partnered with Signal Centre​ to provide trading signals to the broker's global investors. The move means that Valutrades' customers, coming from a widespread global footprint of Asia right across LATAM, will have access to professional, daily trade ideas across all asset classes at their fingertips.