Is this a money maker or an DMA type fx broker?
GCM Prime sees Revenues drop and posts $3.2M loss in 2017
LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has seen a drop in Revenues and a virtual evaporation of all client money held at the company during 2017. On the top line, Revenues for 2017 at GCM Prime were down 25% to $2.1 million, versus an annualized $2.8 million in 2016. (GCM Prime reported $2.09 million of Revenue during the 9-month period April-December 2016). The company posted a loss of $3.2 million for the year. In May 2018, the company’s shareholders put an additional £1.3 million of capital into the company – by year-end 2017 GCM Prime had an ... (full story)