Pepperstone UK Posts Growth for 2018 Fiscal Year

Pepperstone UK, a subsidiary of Pepperstone Group who are headquartered in Australia released their annual report for the fiscal year ending June 30, 2018.

The Global forex and CFD broker, which is recognized as one of the fastest growing companies in Australia achieved strong trading revenues with a profit of £1.7 million.

That’s not all …………………..

The report also showed £14.6 million of client funds which are held in segregated accounts, an increase of almost 100 percent of £4,890 held in 2017.

Pepperstone UK entered the UK market in 2017 with a soft launch and suspended trading for 2 months to refocus, improve operations and enhance systems. Recommencing business activities in August 2017 they managed to rack up a trading revenue of £4.98 million.

Outstanding Achievement

Trading revenue in 2017 was at £32,952, giving them an increase of approximately 99 percent based on a year-on-year for the fiscal year ending June 30, 2018. Since starting its operations a year ago in 2017, this is the first time they have been profitable. Last fiscal year Pepperstone reported a loss of £280,162.

The best part?

As part of their forward-thinking, the Pepperstone Group has made strategic advances in preparing for Brexit and have applied for a full license through the Federal Financial Supervisory Authority (BaFin), for their new Germany entity which has two staff members. They believe that they will be granted the license, which is in advanced stages before Brexit (March next year).

BaFin is putting in place emergency measures in the case of a no-deal Brexit to avoid chaos until outstanding legal questions are clarified.

Bottom Line?

Pepperstone offers traders best-in-class trading technology, exemplary customer service, in-depth trading strategy education, competitive rates and lots more!

Join the highest rated financial services firm in the top 100 and enjoy all the benefits.

Visit Pepperstone Site

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

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