GAIN Capital’s Q1 2018 Revenue Reaches $107 Million
One of the biggest retail FX providers in the United States, GAIN Capital Holdings has reported about its retail trading volume for the Q1 2018, and it is around $795 billion, which is 28 percent more than in Q1 2017. The company’s financial report for the first quarter of 2018 shows about fast rising revenue in comparison to the last year.
GAIN Capital is a provider of online trading services, located in New Jersey, USA. The company offers an access to retail trading with foreign exchange, contracts for difference (CFDs) and exchange-based products to the customers. Trading is operated via two trading platforms, its own FOREXTrader PRO, or MetaTrader 4.
The retail volumes of the GAIN Capital Holdings has been rising on a yearly basis, which we can clearly see from its Q1 2018 report. The net profits of the company for Q1 2018 are estimated to be $16.2 million, that are quiet good results compared to the its loss of an $11 million in 2017.
This splash in the trading activity of the company during first three month of the year was partially a result of the US Federal Reserve policy changes that caused the volatility and helped to ignite the markets.
One more reason for such a fast growth of the revenue was the adjustment on the company’s EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization) raised from $13.4 million loss in Q1 2017 to $33 million.