Impressive Financial Report Released by Admiral Markets

Impressive Financial Report Released by Admiral Markets

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!

Chairman of Admiral Markets Sergei Bogatenkov commented on the spike as a result of the launch of the broker’s services in new regions, as well as the company’s expansion into different service offerings, including a new peer-to-peer platform allowing for crowdfunding capitals to be used.
Future plans by Admiral Markets reveal that the firm is planning to onboard 10 million clients by 2030. However, for now, it is focusing on 2021, a year in which the company wishes to rebrand itself to Admiral, but news of this development is yet to come.

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.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US5/5$50 Click for a special offerWebsite
USA5/5$250 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *