Admirals Group sees Revenues drop 40% in 2H-2022, posts net loss
For the full year 2022, Admirals posted Revenues of €69.0 million and Net Profit of €23.5 million.
For the full year 2022, Admirals posted Revenues of €69.0 million and Net Profit of €23.5 million.
The move is the latest on the continent for Admirals, which earlier this year established an entity in South Africa.
Despite the increase in trading volumes, revenues and profits the number of client trades went down by 2% to 28.7 million.
Admirals is now licenced in South Africa, and announces the opening of a new office in Cape Town.
Admirals has made it more convenient to tap and analyse markets with the upgraded charts on Admirals Mobile App
The aim of this license is to provide execution-only services in CFDs to Admirals clients in Ontario and British Columbia.
Sami Hamed joins Admirals from Noor Al Mal, the Jordan arm of Turkey-based online broker NoorCM Menkul Değerler A.Ş.
Admirals offers a range of tools to its clients to help them manage their risk during uncertain times marked by increased volatility.
Admirals will phase out India 50 Index Futures CFDs from its range of supported instruments on Trade.MT5 accounts.
Estonia based Retail FX and CFD brokerage group Admirals will be the main sponsor of local national champion FCI Levadia Tallinn.