Despite Of Revenue Dropped By 38%, ThinkMarkets UK Is Still Expecting Profit For Profit Increase

Pre-tax earnings for the year were £318,112.

The broker intends to expand globally in the future.

ThinkMarkets, a Melbourne-based broker, disclosed its financials for 2021, claiming a 38% decrease in turnover. The total was more than £2.73 million, up from £4.38 million the previous year.

Nonetheless, its executive expenses fell considerably, resulting in a £250,112 operational profit in 2021, up from £206,556 the previous year. Taking into account interest and other revenue, which was the same as in the previous two years at £68,000, the broker completed the year with £318,112 in pre-tax profits, a 16 percent increase year on year.

The net profit for the fiscal year that concluded on December 31, 2021, was £304,988. It was more than 9.3% greater than the previous year's output of £278,925.

The claimed figures only applied to ThinkMarkets' UK activities, not its larger worldwide operations.

“The company's operations progressed in accordance with the board's expectations, and the year-end results and financial position were judged acceptable considering industry circumstances and broader economic risks,” TF Global Markets (UK) Limited noted in its Companies House statement.

“The firm is still looking for prospects both in the UK and abroad.”

About ThinkMarkets

ThinkMarkets was created in 2010 as a worldwide online financial trading platform and multi-asset broker. After more than a decade, ThinkMarkets has expanded to provide individual investors with FX and CFD trading.

ThinkMarkets is an international broker. ThinkMarkets has offices in both London and Australia.

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We'll go deep into this ThinkMarkets review to see how well the ThinkMarkets platform performs as an international multiple financial asset trading platforms for traders in 2022.

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