ATC Brokers Reports Massive Decline =

ATC Brokers, a UK’s FCA-regulated FX and CFDs broker, has published its annual financial report with the Companies House. It showed a massive decline in its in 2019-20 revenue.

The annual financial figures report tracked the numbers till April 30, 2020. It covered the market volatility of March when most of the brokers saw a record rise in demand.

The total turnover for ATC Brokers, from May 2019 till April 2020, stood at £2.47 million. Compared to £4.82 million last year, this was a decrease of 47.75 percent.

This resulted in an annual operating loss of £216,100 for the period. The previous year, it posted a loss of £198,821, meaning the loss of the broker deepened further.

In the income statement, the broker incurred a total sales cost of £2.04 million in the year. Then it had a gross profit of £429,519.

However, factoring-in the massive operating cost of £645,619, it turned into losses.

Business has been Declining for a Couple of Years Now

ATC was incorporated as a brokerage in 2012 in the United Kingdom. It also obtained a license from the Financial Conduct Authority (FCA) to continue its business.

The company’s offerings include trading with FX, equities contracts for differences, and commodities.

Notably, the broker is reporting declining turnovers after its numbers peaked at £8.89 million in 2019. But it tanked to £4.82 million the next year.

The dip in revenue dragged its books into losses. Though the brokerage was profitable in 2018, its performance had been poor in the last financial year.

The broker didn’t specify the exact reason behind the massive decline in its revenue in the latest Companies House filing.  It is unclear how it performed during the March volatility or the impact on ESMA’s restrictions on leverages and promotions.