House Of Borse Only Gained Half As Much Revenue Compared to Last Year

Free $100 Forex No-Deposit Bonus

House of Borse Ltd is an institutional-focused brokerage firm situated in the UK. As their fiscal year ended on the 31st of July, 2019, the company has recently released the report of its financials within that time period. The brokerage firm didn’t manage to keep up last year’s flat performance rate, with lowering revenues being blamed as a critical factor.

The Numbers

Year-over-year, the company has put up a rather lackluster performance when compared to the previous figures. The UK’s Companies House received House of Borse Ltd’s filing, where the company showed its operating revenue to have gone down to £881 709 (Or $1.13 million). This is less than half of the £1.8 million from last year, with a total revenue loss of 52% compared to their 2018 figures.

House of Borse Ltd mainly earns its revenue via a commission they charge clients when they do foreign exchange trading. These new results just highlight the already established downturn of the London-based exchange firm. This year’s revenue loss marks the second annual loss from the firm in the span of three years.

One Win, Two Losses

The exact numbers of the firm’s operating losses have been reported to be £245 464 for 2019 (Or $315 000). In 2018, the company reported a very marginal profit of close to £56 575, but that was after another substantial loss of £245 464 that happened in the year of 2017. All in all, the company is on unsteady feet these past few years.

The lackluster performance rate of the brokerage firm has mostly been blamed on a far lower amount of trading volumes. House of Borse itself described this as a phenomenon that stretched across the entire market. They put the majority of the blame for this downward trend in market volumes on the changing regulations as well as the general market conditions. ESMA’s new market restrictions have had a pronounced impact on CFDs brokers across the EU, more so than previously anticipated.

About House of Borse

House of Borse was founded in 2012 and was officially licensed to operate by the UK regulator back in 2016. Since then, the company serves as an intermediary for a wide array of investment types while adhering to the regulation principles. The company put most of its focus on professional and institutional clients, offering a core service similar to a more conventional prime broker as well as serving as market facilitator and aggregator. The firm provides their respective clients with direct market access to an extensive array of liquidity providers and ECNs from both bank and non-bank sources.

The world of business is cutthroat and ruthless. At this rate, the company will be forced to either scale down or enact a merger of some sort to keep afloat, though that isn’t the case as of this moment.

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.