Admiral Markets recently published its financial report for the year 2020, which showcases noteworthy spikes across all measures. The Estonian Admiral Markets AS showcased an increase in yearly trading volume to €998, a 68 percent increase from 2019.
The broker’s total numbers of executed traders center around 66.9 million which is a 110% increase from 2019’s 31.8 million. The total income of the firm doubled in 2020, spiking at €47 million. This number is also an increase compared to 2019 €23 million. Admiral Markets ended 2020 with a total net profit of €20.3 million, which is 340 percent more than in 2019!
2020 had been a spike year for other brokerage firms across the industry landscape. The main reason for these impressive numbers is undoubtedly the COVID epidemic that left millions of people home-stuck.