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FxPro triples volumes in its UK arm to $63.5 billion in 2015
Global retail forex and CFDs broker FxPro has released results for its FCA regulated UK subsidiary FxPro UK Limited for 2015, showing that volumes nearly tripled to $63.5 billion for the year (2014: $22.8 billion). Revenues at FxPro UK came in at £2.0 million in 2015, up from £620,000 in 2014. Net Profit was £1.1 million, much improved from a similarly-sized £1.1 million loss the previous year. However, as we’ve written before for similarly structured companies, both Revenues and Profits at FxPro UK just represent inter-company transfers, since all inbound trades to FxPro UK are passed on to parent company ... (full story)