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Tera Europe Ltd has released its annual financial records for the year 2017. The UK-based company, which operates FX broker TeraFX, saw a drastic increase in year on year revenue and profits.
The end of 2017 saw the broker with £5.26 million ($7.10 million) in turnover. This was nearly a five-fold year on year increase as the firm finished 2016 with £1.07 million ($1.45 million) in turnover.
This increase was accompanied by, and perhaps due to, a significant increase in spending on sales. In 2016, Tera spent £431,695 ($583,084) on its sales efforts. The firm’s financial report indicates this figure ... (read more)