FCA regulated Retail FX and CFD broker DF Markets has reported that its Revenues increased by 9% in 2017 to £2.6 million (USD $3.5 million), versus £2.4 million in 2016.
On the bottom line, DF Markets posted a net profit of £478,000, up from £94,000 the previous year.
DF Markets is a trading name of Delta Financial Markets Limited. The company is controlled by Deltastock Ad Bulgaria, which also controls Sofia, Bulgaria based broker DeltaStock. Bulgaria-based DeltaStock co-founder Nikolay Nedkov acts as CEO of DF Markets.
While the 2017 financial picture was fairly good at DF Markets, the company saw a decline in the amount of client funds held at the company during the year, from £6.8 million at the end of 2016 to just under £4.1 million at the end of 2017. The decline was in part a result of DF Markets discontinuing relationships with introducers during the year, and a significantly limited marketing spend.
DF Markets 2017 income statement follows: