Abstract：Global Brokerage Inc., owner of FXCM, an online Forex trading and CFD broker, released on Wednesday its unaudited financial results for the first quarter of 2022.
The company is the owner of FXCM.
The report is an unaudited consolidated statement of financial condition.
According to the report, total assets for the period were $397.89 million, while total current assets were $362.06 million. Also, customer account liabilities accounted for $283.19 million, while total liabilities were $593.85 million. In addition, its redeemable non-controlling interest was $7.12 million.
Moreover, total net revenues hit $31.11 million during the period ended March 31, 2022, while total operating expenses were $32.90 million. The report said the net loss in Global Brokerage was $11.85 million, and its comprehensive loss accounted for $12.01 million.
The report highlighted that net cash used in operating activities reached the $11.04 million figure, while net cash provided by financing activities came to $9.77 million.
Q3 2021 Results
For the third quarter of 2021, Global Brokerage reported that its current total assets were around $383.95 million, while total liabilities were $567.46 million. Additionally, total liabilities, redeemable non-controlling interest and stockholders deficit stood at $383.95 million for the period.
In terms of revenues, its total net revenues figure for the three months was $24.40 million, while for a nine-month period, it was $78.66 million. In addition, Global Brokerage reported a net loss during a nine-month period of $53.15 million, while the three-month segment was $18.47 million. Moreover, according to the report, the comprehensive loss attributable to Global Brokerage, Inc., the company behind FXCM, reported a figure of $28.10 million for a nine-month period. Further, net losses were $52.25 million in cash flows from operating activities.
FXCM offers foreign exchange (forex) and contracts for differences (CFDs) trading services to both retail and professional clients. In addition, it was aggressively expanding its offerings and added social and copy trading services earlier in 2021.
The financial markets in Europe and the UK have witnessed remarkable growth in recent years, attracting traders and investors from all corners of the globe. Among the many investment options available, derivatives have garnered significant attention. In this article, we'll explore what derivatives are and how they function, all while keeping an eye on the resources that can help you navigate this complex market.
In this article, we'll look in-depth at TDX Global, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.
Unregulated forex brokers pose serious risks to investors. The Bank of Malaysia issued securities fraud warnings for YunikonFX and associated entities, emphasizing the importance of choosing regulated brokers for secure investments.
NovaTech FX misses a second OSC Tribunal hearing in Canada amid allegations of running a Ponzi scheme. The Ontario Securities Commission is taking steps to hold the company accountable.