FNG Exclusive… FNG has learned via regulatory filings that FCA licensed Retail FX and CFDs broker Hantec Markets Limited saw a nice uptick in activity in 2020, a year which saw record trading levels at a number of online brokers following the outset of the COVID-19 pandemic.
Hantec actually reported 18 months worth of financial results (ending December 31, 2020), after changing its fiscal year end from June to December. For those 18 months Revenues at the company came to £7.9 million, translating to annual revenues of £5.3 million for Hantec. That was up by 36% from 2019’s £3.9 million. The company turned a modest profit of £340,266 for the 18 month period, versus a loss of £272,968 in fiscal 2019.
Client assets at Hantec increased to £18.1 million as at December 31, 2020, up from £14.9 million in 2019.
Hantec Markets is controlled by former ODL Securities and Rosenthal Collins executive Bashir Nurmohamed, who acts as CEO. Mr. Nurmohamed established the broker in 2010 with backing from Hong Kong based Hantec Group founder Tang Yu Lap.