Valutrades Ends 2020 with 1,052% Operating Profit Jump

Valutrades, a forex and CFDs broker regulated by the Financial Conduct Authority, has revealed its financials for 2020, showing significant jump in operating profit.

The revenue of the platform totaled more than £3.99 million in 2020, increasing by 21 percent from 2019's total of £3.29 million. In terms of profits, the operating profits of the brokerage platform skyrocketed by 1,052 percent in the year, reaching £865,155 from the previous year's £90,867.

The brokerage ended the impressive year with the retail clients' fund held by it reaching £2.57 million, which is 45 percent higher than the number held in the previous year.

Valutrades is an ECN broker offering trading on forex, commodities and CFDs via the Metatrader 5 and Metatrader 4 platforms and FIX API connectivity.

"2021 looks set to be another good year for Valutrades with the same market trends — Covid-19, US political leadership change and Brexit reaction, causing increased volatility in the financial markets. This has a net positive effect on client volumes and commission incomes," the UK broker commented in its filing.