Admiral Markets UK Turnover Spikes in 2016, Client Funds Top £13m

[kreslik.news]

Admiral Markets UK has just published its full year results for 2016. The company is a wholly owned subsidiary of Estonian company Admiral Markets AS. The foreign exchange and CFDs brokerage posted a sharp spike higher in revenues when compared to the previous year.

For the full year that ended on December 31st 2016, Admiral Markets UK reports turnover increased to £3.5 million from about £1.5 million in 2015. The unit posted a small operating loss of £27,301.


The firm ramped up spending and hiring to switch into higher gears throughout the previous year. As of the ... (read more)