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Admiral Markets’ UK Branch Sees 90% Jump in 2020 Profits

2021-05-21 Brokersview

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Admiral Markets UK Limited, the wholly-owned subsidiary of Estonia-based Admiral Markets AS (rebranded as Admirals), has posted its financial results for the fiscal year 2020 (FY2020) ending on December 21, revealing a solid growth across all key metrics.

The UK company reported an annual profit of £730,257 for the FY2020. The net profit for the year is 90 percent higher than the previous year. The revenue of the UK company in 2020 stood at £10.15 million, which is 53 percent up compared to the previous year's £6.62 million. Additionally, the number of active accounts under the UK branch in 2020 soared by 80 percent.

Earlier last month, Admirals has rolled out branded physical debit card to its clients. Admirals clients just need a few clicks to transfer funds from their account wallet to the card. Additionally, the company has changed the minimum contract size of three cryptocurrency pairs, namely BTCUSD, ETHUSD, and BCHUSD, from 0,1 to 0,01 lot.

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