It’s been a good news/bad news month for spread betting broker GKFX financial services as they have seen revenues in 2017 fall by 14% to just over £60million.
However, thanks to some tight cost controls they have turned a small loss in 2016 into a net profit of £1.4million in 2017. It also saw a large decrease in assets held by the company of 51% to 31.1million from £63.1million. They say they are considering acquisitions to fuel future growth.
Tom Cropper is a financial journalist with work which has appeared in titles such as the Guardian, Euromoney and many others.