FNG Exclusive… FNG has learned that FCA regulated FX and CFDs broker Valutrades has seen an increase in activity for the second year in a row, with Revenues climbing by 11% from just under £4 million in 2020 to £4.4 million in 2021.

However gross profits declined and the business recorded a small loss. Gross Profit for 2021 came in at £2.2 million, down 31% from 2020’s £3.2 million. Valutrades posted a Net Loss of £472,000 in 2021, versus a profit of £1.2 million in 2020.

Retail client funds held at Valutrades continued to rise, coming in at £4,530,431 as at year-end 2021, up 76% from £2,579,493 in 2020.

Regarding outlook, the company noted that the start to 2022 has been positive with the trends of inflation and interest rate uncertainty as well as global turmoil causing increased volatility in financial markets that has a net positive effect on client volumes and commission incomes. Valutrades said it continues to be positioned to benefit from uncertain times and is proud to be able to support all staff and has continued to hire additional staff throughout 2021 and the beginning of 2022.

Valutrades CEO Graeme Watkins commented to FNG:

“Valutrades performance continues to meet our expectations with profits continually reinvested into new products, systems and people to help continue to grow our market share and provide our clients with a market leading valuable trading experience. We are excited to see our business strategy yielding positive results with an increase in clients and clients funds in 2021. Results have continued to exceed expectations in 2022 with record monthly active accounts, client funds held and volumes transacted. The business is comfortably profitable over the last 3 year period and shareholders remain fully invested in the businesses strategic objectives.”

Valutrades is an online financial services business that offers clients trading of forex, CFDs and commodities via the Metatrader4 (MT4) platform and FIX API connectivity. The firm has a full scope FCA IFPRU €730K regulatory license. The company is run from London led by Graeme Watkins, who has been CEO since 2015. Valutrades is controlled by Indonesian investors Aman Lakhiani and Anil Bahirwani.

Valutrades’ 2021 income statement and balance sheet follow: