LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail Forex and CFDs broker Hantec Markets saw significant growth in its business this year.
For the year ended June 30, 2016, Revenues at Hantec Markets rose by 62% over 2015 to £5.4 million (USD $7 million), versus £3.3 million last year. The company turned a profit of £845,000.
Driving the company’s growth was a large increase in client assets at Hantec Markets. Hantec closed Fiscal 2016 with £21.0 million ($27 million) of client assets, more than double the £10.4 million it held at the end of last year.
Although the company has been profitable for the past two years, Hantec’s shareholders injected an additional £1 million in capital into the company during the year, and took no dividends out, to help support the company’s continued growth. Hantec exited Fiscal 2016 with a strong equity capital base of more than £4.5 million.
While most of the company’s activity is in the UK, in its outlook Hantec management stated that it is looking for opportunities to expand overseas as well.