Admiral Markets' Net Trading Income More Than Doubles In The First Half of 2022

The company's net trading income increased from €9.1 million to €32 million.

Admirals praised its H1 performance as “outstanding.”

Admiral Markets AS, situated in Estonia and doing business as Admirals, increased its net trading profits by 255% in the first half (H1) of 2022.

The revenue increased from €9.1 million in the first half of 2021 to €32.3 million in the same time this year.

This is according to information provided by the online trading platform in its unaudited interim report for the period January to June 2022.

According to the study, although Admiral Markets' net profit increased 1512% to €23.3 million in the quarter (compared to €1.6 million in H1 2022), profits before interest, taxes, depreciation, and amortization (EBITDA) increased 3814% to €24.3 million, up from €0.5 million the previous year.

Furthermore, the company's net profit increased 1512% to €23.3 million from €1.6 million between January and June of the previous year.

Furthermore, the value of transactions executed on Admiral Markets' platform increased by 9% this year to €467 billion, up from €429 billion at the same time in 2021.

In contrast, the number of deals decreased by 2% to 28.7 million in 2021, from 29.2 million.

In addition, the number of active clients (customers who traded at least once during the first half of the year) fell 17% to 33,492 from 235 at the same time in 2021.

Similarly, the number of active accounts fell by 15% to 41,227 in the first half of 2021, compared to 48,638 in the first half of 2021.

According to Finance Magnates, Admiral Markets has obtained fresh licenses in South Africa and Canada this year.

The firm considers these achievements to be “eloquent success stories” that demonstrate the company's solid business strategy and long-term objective of financially freeing 10 million individuals by 2030.

The results of Admirals are outstanding. “Compared to the same time last year, Admirals has dramatically improved its net trading revenue, trading volumes, and net profit in the first half of the year, while maintaining large-scale investments in IT and innovation,” Admiral Markets said in a statement on Wednesday.

Meanwhile, Jens Chrzanowski, a long-time Admiral Markets executive, has left the firm after 11 years with the brokerage.

Chrzanowski joined the financial services firm as Regional Director for Germany, Austria, Switzerland, and the Netherlands in mid-2011. In early 2017, he was named to the company's board of directors.

On the other hand, Francisco Sánchez-Matamoros, a former Senior Sales Manager at the Polish retail broker X-Trade Brokers' (XTB) Madrid office, joined Admiral Markets Group as Country Manager in Spain earlier this month.

About Admiral Markets

Admirals is a Forex and CFD company that has been in business since 2001. Admirals Group AS, its corporate owner, is situated in Estonia and has a number of operational companies. Admirals mainly serve retail traders, but it also offers research and education to prospective customers. With over 4,000 assets accessible, this broker provides a fantastic enhancement to the conventional MT4 and MT5 trading platforms, allowing traders to undertake effective cross-asset diversification. Spreads on the Zero MT4 account are as low as 0.1 pips. According to the most recent figures, nearly 82% of Admiral's customers are losing money. Admirals have steadily expanded its services and assets since its establishment. It continues to develop internationally, discreetly carrying out its business strategy and expanding market share.

Admiral Markets Regulation

Admirals AS, the corporate owner of all three Admirals brokerages, is regulated in Estonia for major investing and brokerage operations inside the European Union and the European Economic Area by the Estonian Financial Supervision Authority (EFSA) (EEA). The organization has physical locations in sixteen countries and clientele from 110 countries. Admiral Markets UK LTD is governed by the Financial Conduct Authority (FCA), whilst Admiral Markets Cyprus LTD works under the framework of the Cyprus Securities and Exchange Commission (CySEC). Admiral Markets Pty Ltd is licensed in Australia to provide financial services (AFSL).

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