Despite the decline in revenue, Pepperstone UK records GBP9.9 million

Although there are several ups and downs in the global financial arena, forex broker pepperstone uk seems to remain. The latest news from the world Forex broker news is that brokers with SPREAD Starting from zero million . Of course, it was a little lower than £ 10 million that they pocketed the previous year, but they were consistently on the green lane since they started in 2017.

Interestingly, even though their income from trade has decreased slightly (down 6.3% to £ 13 million), their interest income has increased rapidly , almost four times compared to the previous year. This helped the total "other income" they jumped 25.4% to £ 13.24 million. Most of the increase comes from the provision of services to other parts of the group pepperstone , which produces £ 25.3 million.

However, this is not just about the incoming money. Pepperstone UK Forex Broker is also busy adding 212 new trading instruments, pushing the number of their products to be more than 1,400. To deal with all these growth, their operating costs rose 13.6% to £ 11.11 million. This is mostly due to the recruitment of more people, the number of their staff reaches 28 people, with the cost of employees soaring 35.3% to £ 3.8 million.

Overall, even with a slight decline in trade income and increasing operational costs due to expansion, pepperstone uk seems to have navigated the market quite well. Their total assets grew to £ 54.9 million, and their net assets experienced a surge of 21% to £ 21 million, showing that they did not only last but also on a positive path for the long term.

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