Equities Now Make Up 90% of Gildencrest Capital's Revenue, but Profit Without FX Drops 95%

GildencrestCapital Limited, a London-based financial brokerage firm formerly known as TeraFX , experienced a75% drop in foreign exchange (Forex) trading volume during 2024, according tothe company's recently published annual financial statements. London Broker Reports 75%Drop in Forex Volume, Equity Trading Up 4% The firm's FXbusiness volume fell to £8.7 billion last year, generating just £231,000 inincome related to CFD trading services, as the company deliberately shifted itsfocus toward equity trading and institutional clients. Equitytrading has emerged as the company's primary revenue source, now accounting forapproximately 90% of Gildencrest's total income. The firm reported £2.05million in equity trading services revenue. Although it represents only a 4%increase, the company still considers it a good result in light of thechallenging market conditions in 2024. "In2024 the Company continued its shift of focus from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Business to focus moreof its efforts on other Capital market instruments such as equities, to broadenits product offering and brokerage activities," the company stated in itsstrategic report. Totalrevenue for the year decreased to £3.65 million from£7.55 million in 2023 , while profit after taxation fell significantly to£20,458 compared to £809,912 in the previous year. Operatingfor years as TeraFX, thebroker decided to rebrand as Gildencrest Capital at the beginning of last year .The name change was intended to reflect that the company offers not onlycurrency trading but also a broader range of financial services. GildencrestCapital Limited - Key Financial Metrics (2023-2024) Metric 2024 2023 Change (%) Trading Volume Forex Business Volume £8.7 billion £34.8 billion -75% Equity Trading Volume £756 million £748.5 million +1% Revenue Total Revenue £3,653,267 £7,548,397 -52% CFD Trading Services Income £231,000 Not specified N/A Equity Trading Services Income £2,050,000 £1,971,154 +4% Profitability Gross Profit £2,123,496 £3,280,489 -35% Profit After Taxation £20,458 £809,912 -97% Dubai and Latvia to HelpGrow CFD Business Thestrategic pivot comes amid tightening regulatory constraints on retail forexand CFD trading. Gildencrest reported it has been deliberately reducing itsconcentration on retail clients affected by European Securities and MarketsAuthority (ESMA) intervention measures and permanent Financial ConductAuthority (FCA) restrictions on leveraged products. "Thereis a continued emphasis on developing relations with more experiencedprofessional traders and corporate clients, and to trading in equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term ,"the company noted. The firm ispursuing geographic expansion to support future growth in the CFD sector,continuing operations through its Dubai branch and pursuing a licenseapplication in Latvia, which it hopes will enable it to offer products inEuropean markets by mid-2025. Lookingahead, Gildencrest expressed caution about general business conditions in early2025, citing "global risk aversion, and political tensions and economicuncertainty created by Trump Tariffs, which are likely to remain asheadwinds." Thecompany's financial position remains stable with regulatory capital resourcesof £3.1 million at the end of 2024, well above its minimum capitalrequirements. GildencrestCapital Limited is a non-advisory matched principal broker authorized andregulated by the UK's Financial Conduct Authority, offering brokerage servicesin OTC leveraged derivatives and capital market securities. GildencrestCapital Limited, a London-based financial brokerage firm formerly known as TeraFX , experienced a75% drop in foreign exchange (Forex) trading volume during 2024, according tothe company's recently published annual financial statements. London Broker Reports 75%Drop in Forex Volume, Equity Trading Up 4% The firm's FXbusiness volume fell to £8.7 billion last year, generating just £231,000 inincome related to CFD trading services, as the company deliberately shifted itsfocus toward equity trading and institutional clients. Equitytrading has emerged as the company's primary revenue source, now accounting forapproximately 90% of Gildencrest's total income. The firm reported £2.05million in equity trading services revenue. Although it represents only a 4%increase, the company still considers it a good result in light of thechallenging market conditions in 2024. "In2024 the Company continued its shift of focus from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Business to focus moreof its efforts on other Capital market instruments such as equities, to broadenits product offering and brokerage activities," the company stated in itsstrategic report. Totalrevenue for the year decreased to £3.65 million from£7.55 million in 2023 , while profit after taxation fell significantly to£20,458 compared to £809,912 in the previous year. Operatingfor years as TeraFX, thebroker decided to rebrand as Gildencrest Capital at the beginning of last year .The name change was intended to reflect that the company offers not onlycurrency trading but also a broader range of financial services. GildencrestCapital Limited - Key Financial Metrics (2023-2024) Metric 2024 2023 Change (%) Trading Volume Forex Business Volume £8.7 billion £34.8 billion -75% Equity Trading Volume £756 million £748.5 million +1% Revenue Total Revenue £3,653,267 £7,548,397 -52% CFD Trading Services Income £231,000 Not specified N/A Equity Trading Services Income £2,050,000 £1,971,154 +4% Profitability Gross Profit £2,123,496 £3,280,489 -35% Profit After Taxation £20,458 £809,912 -97% Dubai and Latvia to HelpGrow CFD Business Thestrategic pivot comes amid tightening regulatory constraints on retail forexand CFD trading. Gildencrest reported it has been deliberately reducing itsconcentration on retail clients affected by European Securities and MarketsAuthority (ESMA) intervention measures and permanent Financial ConductAuthority (FCA) restrictions on leveraged products. "Thereis a continued emphasis on developing relations with more experiencedprofessional traders and corporate clients, and to trading in equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term ,"the company noted. The firm ispursuing geographic expansion to support future growth in the CFD sector,continuing operations through its Dubai branch and pursuing a licenseapplication in Latvia, which it hopes will enable it to offer products inEuropean markets by mid-2025. Lookingahead, Gildencrest expressed caution about general business conditions in early2025, citing "global risk aversion, and political tensions and economicuncertainty created by Trump Tariffs, which are likely to remain asheadwinds." Thecompany's financial position remains stable with regulatory capital resourcesof £3.1 million at the end of 2024, well above its minimum capitalrequirements. GildencrestCapital Limited is a non-advisory matched principal broker authorized andregulated by the UK's Financial Conduct Authority, offering brokerage servicesin OTC leveraged derivatives and capital market securities.