ITI Capital reports stronger revenues and mitigated loss ‎for 2020‎

abdelaziz Fathi

ITI Capital Limited has released its annual report and year-end financial statements for the twelve-month period ending December 31, 2020. The latest results on UK Companies House showed a healthy uptick in turnover in conjunction with a mitigated financial loss for the reported fiscal period.

For 2020, ITI Capital posted a total of £5.8 million worth of revenues, which represents a growth of 56 percent year-over-year. That compares to only £3.46 million the company reported in 2019.

Operating losses were also pointed lower during the FY 2020, albeit still in the red. Looking at the group’s final numbers for the financial year, which factored out interest receivable and other income, ITI Capital reported ‎losses of £2.11 million‎, rescinding by 30 percent year-over-year from £2.9 million a year earlier.

Other business highlights show that ITI Capital acknowledges that the brokerage market continues to be highly competitive. As a result, the revenue margins and fees have remained under pressure.

Indeed, the retail FX market in Europe is becoming relatively challenging for the brokers, which is why many brokers are looking into new opportunities in the wholesale liquidity and clearing market.

In order to differentiate themselves, many brokerage firms are reducing their average commissions charged. While ITI Capital has seen an overall increase in clients’ trading activity, average revenue per trade has declined, the company says.

Elsewhere, ITI Capital attributes the rise in its administrative expenses to acquiring the client book of SVS Securities. The vast majority of the collapsed broker’s investors have become clients of ITI since June 2020, and they were provided with access to their money and assets again. ITI Capital tried to lure the newcomers into staying, saying that they now have a wider selection of asset classes to choose from, including FX trading, and pricing will remain competitive to what was previously paid at SVS.

The broker’s statement further reads:

“The continues to provide comprehensive dealing and brokerage services to for both retail and institutional clients across the world. 2020 was a difficult year for the business with it managing both a significant acquisition and dealing at the same time with keeping its existing business operations going throughout the onset and development of the Covid pandemic. The board remains optimistic that despite a loss incurred during 2020, the investment that has now been made in improving the business operating infrastructure combined with the recruitment of key new personal, that these initiatives will set the foundations of a more profitable and dynamic business in the future.”

Read this next

Crypto Insider lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

Industry News

CFTC fines Chinese firms Chinatex and COFCO $720,000 for wash trading

Chinatex traders engaged in wash trading in order to liquidate a long position in the account of an affiliated company and re-establish the position in its own account, to the ultimate benefit of its parent company, COFCO.

Industry News

US-based operation of Brazilian broker XP fined $500,000 for recordkeeping failures

“Proper recordkeeping is vital to protecting our markets and market participants from fraud and manipulation. This case serves as another example of the Commission’s intent to vigorously enforce the recordkeeping obligations of its registrants.”