Forex broker 4T Markets Limited, formerly known as Formax Prime Capital (UK) Limited, has reported robust revenue for the fiscal year 2023. This marks the first year under the new brand name, showcasing significant revenue growth despite an increased net loss.

The company revealed an impressive income of £235,821, more than double the previous year’s figure of £119,044. However, the net loss expanded to £300,157, compared to £271,446 in the preceding year. Despite the challenges, 4T Markets maintains a positive financial trajectory, indicating resilience in the face of evolving market conditions.

While the total profit before considering other expenses stood at £102,956, an increase in selling costs from £62,572 to £132,865 impacted the overall operational performance. Management expenses further exacerbated the situation, with a cost of £403,000, contributing to the reported net loss.

4T Markets Posts Robust £235K Revenue in 2023 Amid Net Loss Increase

The Companies House Paper outlines 4T Markets’ business plans for the period between April 1, 2022, and March 31, 2023. Notably, senior management executed a comprehensive website overhaul in Q2 2022, though certain delays were encountered in plan execution, which were attributed to various factors.

Having faced challenges in the 2018 business year, 4T Markets underwent organizational changes in 2019, culminating in Regalis Trading Solutions taking complete control of the broker in May 2021. Waqas Mahmood, a Board Member and British businessman, owns Regalis. Furthermore, 4T Global Ltd acquired a 9.95% marginal stake in 4T Markets on the last day of March 2023.

Despite the financial complexities, 4T Markets continues to position itself as a low-spread broker with a renewed business focus. The company aims to cater to a diverse clientele, including wealthy individuals, expert traders, and global players with extensive trading experience. This strategic shift aligns with the broker’s commitment to serving a broad spectrum of clients in the evolving landscape of financial markets.

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