Advanced Markets (UK) Limited, the FCA-regulated division of the Advanced Markets Group, ended the 2022 financial year with a turnover of $2.13 million, representing an annual growth rate of over 64%. The turnover for the previous fiscal year was $1.29 million.

The company also realized a net profit of $372,673 last year, considerably higher than the previous year's $10,330. However, as in previous years, the company will refrain from paying dividends.

"The results for the period were in line with the expectations of the directors. The combination of changes in regulation and historical lows in the volatility of the markets slowed the initial growth pattern that they were expecting. However, their long-term commitment remains," the Companies House filing stated.

"Fiscal year 2023 has started well, and the directors continue to expect positive returns moving forward."

According to the company's income sheet, its administrative expenses increased from $1.3 million last year to $1.74 million. Although the company did not receive any revenue from "other" sources, it made an operating profit of $374,811. Due to interests, the company's pre-tax profit and net profit remained unchanged, at $372,673, an increase of 350% year-on-year.

Advanced Markets provides institutional FX liquidity and prime-of-prime services to the FX & CFDs trading industry. Headquartered in the United States, the Group operates with a global presence in multiple jurisdictions.

(Source: Finance Magnates)