Broker ATFX UK, which is part of AT Global Markets, has published its financial results for 2022 in a report to the UK's Registrar of Companies.
The broker's revenues for the fiscal year 2022, which ended on October 31, increased by 8% to £3.2 million, up from £2.9 million in 2021.
According to the report, ATFX UK's net assets increased 13% to £7.4 million during the period. The company noted that net assets include cash balances of £4.3 million, which provides a good environment and opportunity for its long-term strategy.
In addition, the broker announced a sharp increase in profits to £838,189 in 2022, compared to £224,558 in 2021.
The broker also said that its institutional division, ATFX Connect, has seen a significant increase in client satisfaction following its integration with Lucera's LumeFX platform.
ATFX UK noted that its key priorities continue to be high-net-worth clients, fund managers, brokers, and banks who are looking to diversify their portfolios and are comfortable with the risk and volatility that investment and derivatives trading can offer.
Also read: ATFX has acquired the Australian arm of Rakuten Securities to expand its global presence.
