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HYCM UK sees Revenues up 14% in 2022, but Profits fall 98%
London based Retail FX and CFDs broker HYCM Capital Markets (UK) Limited has reported its financial results for 2022, indicating a 14% increase in Revenues but a sharp decrease in profitability, as the company operated at near breakeven for the year. On the top line, HYCM saw Revenues of £1.89 million in 2022, up by 14% from £1.66 million the previous year. However Net Profit fell by 98% to just £3,706, versus £196,185 in 2021. HYCM UK held £928,562 in client funds as at year-end 2022, up from £659,159 the previous year. In early 2022 the group changed its name of its FCA regulated entity from Henyep Capital ... (full story)