Admiral Markets AS Achieves Record Financial Results in H1 2018

Admiral Markets AS, the Estonian-based financial trading provider of , has published its unaudited interim report for the first six months of 2018. During the first half of this year, the firm has experienced record financial results.
Net trading income saw an impressive year-on-year increase of 40% in the first half of 2018, coming in at €12.6 million ($14.7 million). In the same period last year, net trading income was €9 million.

Net profit also saw a sizeable jump. In the first half of this year, it was €5 million, 127% more than the first half of 2017, which saw a net profit of €2.2 million. Operating expenses increased by 24% year-on-year to reach €7.7 million. This was mainly driven by an uptick in online marketing costs.
Working with ESMA’s regulation
In the wake of the newly implemented (ESMA) regulation on contracts for differences (CFDs), the had to lower its leverage levels for CFDs on forex currency pairs, indexes, commodities and cryptocurrencies.
However, the broker has outlined a number of things it will do in the report to ensure it can still offer its retail investors investment opportunities.
Like many brokers in the European Union, Admiral Markets AS allows its retail clients to categorise themselves as professional investors if they meet the requirements. At the time of preparation for the interim report, the number of professional investors using the firm’s services had risen to 6%.
For retail investors who don’t meet the qualifications of a professional investor, they can enter into a customer agreement with Admiral Markets Pty Ltd in Australia, an investment firm belonging to the same consolidation group. The firm is also developing new products that are not within the scope of ESMA’s regulation but are still attractive to investors, it said in the report.
Forward outlook
In the second half of this year, will continue to expand into new markets and execute its global strategy. The company also plans to increase its offering for institutional and professional investors, develop and launch a new personal Trader’s Room, update its mobile application and launch a new self-education program for trading on the financial markets.