4T Markets reveals robust revenue growth in 2023, reaching £235K. Despite the increased net loss, the London-based entity shows a positive financial trajectory.

4T Markets

This 4T Markets news sheds light on the company's financial performance since its rebranding from Formax Prime Capital (UK) Limited.

Forex broker 4T Markets Limited shows its fiscal year 2023 financial results. This is the first year that it works under a new name.

This London-based broker reports a big income of £235,821. This is much more than the money they made last year which was only £119,044. But, the net loss also got bigger. It went up to £300,157 instead of being only £271,446 before.

Even though their money income is going up, the cost of selling went from £62,572 to £132,865. This led to a total profit of £102956 before taking anything out or any other expenses into account. However, a cost of £403,000 for management made the loss from operating worse.

The Companies House Paper describes how this metatrader-only broker shall continue its business plans between April 1, 2022, and March 31, 2023. The senior management oversaw a comprehensive website overhaul in Q2 2022, but delays in the plan's execution were encountered due to various factors.

After having a poor 2018 business year, this multi-asset broker changed its organization in 2019. Regalis Trading Solutions took over the broker completely in May 2021 with the process already finished.

4T Markets' Board Member and British businessman Waqas Mahmood owns Regalis. The company 4T Global Ltd bought a 9.95% marginal stake in the broker on the last day of March 2023 which was brokering for them.

This low-spread broker has developed a new business focus that aims to assist a broad spectrum of people. They are wealthy individual, expert traders, and global players who have been doing years of trading.