Hantec Markets revenues flat in 2022 at £5.8M, clients assets fall 31%
FCA licensed Retail FX and CFDs broker Hantec Markets Limited has reported its results for 2022, and they look very much like the company’s 2021 report, on both the top and bottom line.
Hantec brought in £5.76 million in Revenues in 2022, but also had Admin Expenses of £5.84 million – with the company operating at a slight deficit for the year, reporting a Net Loss of £83,968. In 2021 Hantec had Revenues of £5.38 million and a slight profit of £26,873.
Hantec saw a 31% decline in client money held at the company in 2022, down to £16.8 million from £24.2 million as at year-end 2021.
Over the past couple of years Hantec Market has undergone some senior management changes, with longtime COO Hayel Abu-Hamdan moving to Dubai to become the group’s Chief Commercial Officer, replaced in London by the company’s Chief Strategy Officer Tony Sharpe. Then earlier this year Tony Sharpe left Hantec to become CSO at rival broker Trade Nation.
Hantec Markets is controlled by former ODL Securities and Rosenthal Collins executive Bashir Nurmohamed. Mr. Nurmohamed established the broker in 2010 with backing from Hong Kong based Hantec Group founder Tang Yu Lap.
Hantec Markets’ 2022 income statement and balance sheet follow: