Breaking: IronFX UK Rents Out Leased Premises, Posts Loss for 2016

[kreslik.news]

The UK-operating subsidiary of IronFX, 8SAFE UK Ltd, posted an operating loss for the full year 2016. The broker renamed its FCA regulated company to 8SAFE Limited back in November 2015. While the company has been using its matched principal license in the UK to channel trades to its Cyprus-headquartered entity, its business saw a massive decline last year.

The FCA-regulated subsidiary of IronFX reports that its revenues declined 73 percent when compared to last year, to $1.1 million. The company registered an operating loss of $240,000 after laying off 38 employees throughout the year.