Author: Jelle Huisman
Online forex and CFD broker Admiral Markets has shown strong revenue and profit growth in the first six months of 2020. In fact, the first half of 2020 was the most successful so far. Net trading income grew to €31.6 million, an increase of 228 percent compared to the first half of 2019 (€9.6 million).
It is clear that online brokers are the winners of the corona crisis and its economic consequences. Other online brokers also showed strong growth figures in recent weeks.
The number of active clients of Admiral Markets increased by 104 percent in the first six months of the year, on an annual basis. Forex products and commodity CFDs each accounted for 20 percent of net trading income. The majority of Admiral Markets’ turnover comes from offering CFDs on indices, which accounted for 42 percent of net trading income. Admiral Markets profiles itself primarily as the leading provider of CFDs on the German DAX30. Trading on the German DAX is possible with a spread from 0.8 points.
Admiral Markets focuses primarily on further growth in the number of clients. As an online broker, the focus here is on IT developments, which should provide an even more personalised trading experience.Leave a comment