DCFX Europe Limited, previously known as KVB Prime UK Limited, published its annual financials for the year ending 31 March 2022. Though the company’s turnover plunged 39 percent year over year to £106,205, it made progress like starting to onboard clients and refining the “website and technology that sit behind the registration and account management process.”
“For the past year and a half, like most of the long-standing companies, many businesses went into survival mode – cutting costs, laying off workers, and doing whatever it took to keep the doors open or stay in a position to reopen later. Now, the company is ready, well-funded, and innovative enough for the Post-pandemic Era,” the Companies House filing stated.
Trading activities on the platform were limited during the period. It was mostly concentrated on business development, including rebranding, which was finalized in June 2022. It came within a couple of weeks after the Financial Conduct Authority (FCA
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options.
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options.
Read this Term) approved an application for change in control of the broker.
Check out the recent London Summit session on “Liquidity Between Retail & Institutional Trading.”
DCFX to Improve Offerings
The new owners of DCFX continued with the same business model for offering rolling spot forex exchange. However, the broker will now concentrate on onboarding “higher quality retail clients.” Furthermore, the firm is currently considering a new liquidity provider to enhance offerings by replacing the existing one or bringing it as a backup.
The Companies House filing additionally detailed that the broker will introduce a new generation of forex and contracts for differences (CFDs) trading platform suitable for both retail and professional traders. It even started negotiations with several payment solution providers to improve the ease and security of payments.
Going back to the FY22 numbers, the broker ended the year with an operating loss of £508,626, narrowing from the previous year’s £659,958. It also trimmed its administrative expenses from £659,958 in FY21 to £554,064 in the last financial year.
DCFX Europe Limited, previously known as KVB Prime UK Limited, published its annual financials for the year ending 31 March 2022. Though the company’s turnover plunged 39 percent year over year to £106,205, it made progress like starting to onboard clients and refining the “website and technology that sit behind the registration and account management process.”
“For the past year and a half, like most of the long-standing companies, many businesses went into survival mode – cutting costs, laying off workers, and doing whatever it took to keep the doors open or stay in a position to reopen later. Now, the company is ready, well-funded, and innovative enough for the Post-pandemic Era,” the Companies House filing stated.
Trading activities on the platform were limited during the period. It was mostly concentrated on business development, including rebranding, which was finalized in June 2022. It came within a couple of weeks after the Financial Conduct Authority (FCA
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options.
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options.
Read this Term) approved an application for change in control of the broker.
Check out the recent London Summit session on “Liquidity Between Retail & Institutional Trading.”
DCFX to Improve Offerings
The new owners of DCFX continued with the same business model for offering rolling spot forex exchange. However, the broker will now concentrate on onboarding “higher quality retail clients.” Furthermore, the firm is currently considering a new liquidity provider to enhance offerings by replacing the existing one or bringing it as a backup.
The Companies House filing additionally detailed that the broker will introduce a new generation of forex and contracts for differences (CFDs) trading platform suitable for both retail and professional traders. It even started negotiations with several payment solution providers to improve the ease and security of payments.
Going back to the FY22 numbers, the broker ended the year with an operating loss of £508,626, narrowing from the previous year’s £659,958. It also trimmed its administrative expenses from £659,958 in FY21 to £554,064 in the last financial year.
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