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FxPro triples volumes in its UK arm to $63.5 billion in 2015

From leaprate.com

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 FxPro ... (full story)

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