Exclusive: Admirals halts onboarding of clients in the EU
FNG Exclusive… FNG has learned that Tallinn, Estonia based Retail FX and CFDs broker Admirals has stopped onboarding clients in […]
FNG Exclusive… FNG has learned that Tallinn, Estonia based Retail FX and CFDs broker Admirals has stopped onboarding clients in […]
For the full year 2023 Admirals posted Revenues of €40.9 million, down by a whopping 41% from 2022’s €69.0 million.
Replacing Sergei Bogatenkov as Chairman of the Management Board (i.e. CEO) of Admirals will be company founder Alexander Tsikhilov.
Taking the place of Sergei Bogatenkov as CEO will be Admirals founder Alexander Tsikhilov, who has been Chairman since 2017.
Anton Tikhomirov, a member of Admiral Group AS’ supervisory board, was recalled and named to the management board of the company.
Match-Prime is a CySEC-regulated liquidity provider working exclusively with professional and institutional clients.
While Revenues fell, Admirals Group operating expenses increased by 24% in the first half of 2023.
In addition to the restructuring and license news, Admiral announced a bond buyback at Admiral Markets AS.
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.