FNG Exclusive… FNG has learned via regulatory filings that FCA regulated Retail FX and CFDs broker FXOpen Ltd posted a loss of £297,934 in 2022, although smaller than the £456,913 net loss the company saw in 2021.
Revenues at FXOpen were basically flat year-over-year, coming in at £645,643 in 2022 versus £611,705 in 2021.
Client money held by FXOpen was also basically unchanged from the previous year, at £2.39 million (2021: £2.27 million).
FXOpen Ltd’s results includes the consolidated results of Cyprus based, CySEC licensed subsidiary FXOpen EU Ltd, which serves EU based clients. FXOpen acquired Cyprus based 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 run since 2010 by CEO Alexey Stepanov. FXOpen is controlled by Belarusian-Latvian entrepreneur Aliaksandr Klimenka.
