Exclusive FNG… FNG has learned through regulatory filings that FCA-regulated Retail FX and CFDs broker FXOpen Ltd made a loss of £297,934 in 2022, although less than the £456,913 net loss the company made in 2021.
Revenue at FXOpen was basically flat year-on-year, reaching £645,643 in 2022 versus £611,705 in 2021.
Client money held by FXOpen was also essentially unchanged from the previous year at £2.39m (2021: £2.27m).
FXOpen Ltd’s results include the consolidated results of its Cyprus-based CySEC-licensed subsidiary FXOpen EU Ltd, which serves EU-based clients. FXOpen has acquired Cypriot broker AMB Prime Ltd (formerly known as Valutrades CY Ltd) in 2020, renaming it FXOpen EU Ltd.
The FXOpen group has licensed operations in London, Cyprus and Australia, regulated by the FCA, CySEC and ASIC respectively. The company has been managed since 2010 by CEO Alexey Stepanov. FXOpen is controlled by Belarusian-Latvian businessman Aliaksandr Klimenka.