Company news

Forex broker Armada Markets reaches record trading volume of 20.5 billion US dollars in September and reports strong net profit for first 6 months of 2014

Despite the record low volatility during the first 6 months of 2014 Armada Markets reported a solid net profit of 0.87 million Euros for the period. This follows the audited net profit of 1.37 million Euros for fiscal 2013. Armada Markets also reported a record monthly trading volume of 20.5 billion US dollars in September.

During 2014 the company has continued to grow strongly in terms of the client numbers, average monthly trading volumes and active markets where it participates. Majority of Armada Markets’ revenues are derived from Asia Pacific region where it enjoys a lot of interests from professional FX and spot gold traders. Such traders demand consistently low spreads and low commissions coupled with a trading environment which has no restrictions on strategies that clients use. The company calls its Clients “Smart Traders”.

In par with recent pick-up of volatility in FX the company today also reported a record monthly trading volume for September of 20.5 billion US dollars which is a growth of almost 100% compared to September, 2013. The company expects to reach monthly trading volume of 25-35 billion US dollars within the next 6-9 months.

Thursday, 16 Oct, 2014 / 1:00

Source : http://www.armadamarkets.com/2014/10/record-trading-volume-in-september-2014/

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