Hantec Markets revenues flat in 2021 at £5.4 million.
FCA licensed Retail FX and CFDs broker Hantec Markets Limited has reported its results for 2021, and they look very much like the company’s 2022 report, on both the top and bottom line.
Hantec brought in £5.4 million in Revenues in 2021, but also had Admin Expenses of £5.4 million – with the company operating at basically breakeven for the year (technically, a net profit of £27,000). In 2022 Hantec had Revenues of £5.3 million and profit of £227,000.
Hantec did see a nice uptick in client money held at the company in 2021, increasing to £24.3 million from £18.1 million as at year-end 2022.
Since year-end Hantec has undergone some changes, with longtime COO Hayel Abu-Hamdan moving to Dubai to become the group’s Chief Commercial Officer, replaced in London by the company’s Chief Strategy Officer Tony Sharpe.
Hantec Markets is controlled by former ODL Securities and Rosenthal Collins executive Bashir Nurmohamed. Mr. Nurmohamed established the broker in 2010 with backing from Hong Kong based Hantec Group founder Tang Yu Lap.
Hantec Markets’ 2021 income statement and balance sheet follow:
Gerald Segal.
Gerald is the founder of FNG and is one of the most experienced writers covering the online trading sector. Prior to starting FNG, Gerald founded Forex industry B2B news website LeapRate.com in 2010, selling it in 2022 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.
Related Posts.
Rostro completes Scope Markets acquisition, eyes MENA/APAC expansion.
Exclusive: CPT Markets CEO Sherif Sanad resigns.
FX week in review: GKFX rebrands, Man United gets FX sponsor, eToro’s #2 leaves.
Leave a Reply Cancel reply.
Nuvei to acquire Paya for $1.3 billion January 9, 2023 TMX Group makes strategic investment in VettaFi January 9, 2023 Annette Lege joins ProShares as CFO January 9, 2023 Metropolitan Bank Holding Corp to fully exit crypto-asset related vertical January 9, 2023 Broadridge to use Glue42 capabilities to deliver seamless trading experience January 9, 2023.
Don't Miss a Story!
With FNG's Newsletter you'll get all the latest breaking FX Industry news stories - in a concise daily email, directly to your Inbox.
You have Successfully Subscribed!
Recent Comments.
Nivash on CySEC reaches €50,000 settlement with Triangleview Investments Josh Seymoore on Exclusive: eToro Deputy CEO (and CFO) Shalom Berkovitz departs Rich on Exclusive: Skilling hires Andreas Leonidou as Head of Design Jose Perez on FP Markets’ new IB and Partnership portal – a conversation with Kim Reilly Mostafa Aly on FINSA Europe changes corporate name to Trade Nation Financial UK.
HOME FOREX Q&A ABOUT US DISCLOSURES, COOKIES AND PRIVACY POLICY.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Manage consent.
Privacy Overview.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Always Enabled.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.