London based Retail FX and CFDs broker HYCM Capital Markets (UK) Limited has reported its financial results for 2023, indicating a slight 2% decrease in Revenues, but an increase in profitability after a basically breakeven year in 2022.
On the top line, HYCM UK saw Revenues of £1.85 million in 2023, down by 2% from £1.89 million the previous year. However Net Profit came in at £131K in 2023, versus just £4K the previous year.
HYCM UK held £703,391 in client funds as at year-end 2023, down from £928,562 the previous year.
In early 2022 the group changed its name of its FCA regulated entity from Henyep Capital Markets (UK) Limited to HYCM Capital Markets (UK) Limited. The name change from Henyep to HYCM was in line with similar changes the group made in other jurisdictions where it has subsidiaries. The group…
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