CySEC Reveals Brokers Stats: 1.5m Clients and €1.7b of Revenues

The regulator of the monetary trade in Cyprus simply printed some key metrics for the trade. The CySEC’s numbers present the state of brokerage firms on the finish of final 12 months. Truthfully, we’re a bit upset that it took the native regulator a 12 months to get us information from 2017, however nonetheless, we are able to have a glimpse at how the market regarded initially of 2018.

Undoubtedly, there might be many adjustments to the numbers earlier than we get the subsequent replace. The trade has been consolidating for months as corporations confronted the brand new regulatory period within the EU. With the looming adjustments, it’s seemingly that we’ve got seen the height dimension of the Cypriot brokerage trade across the identical time final 12 months.

Over the years, the variety of Cyprus Investment Firms (CIFs) has been relentlessly rising. Starting from 129 in 2012, the CySEC’s official stats on the matter present that as of December 31 final 12 months, the full variety of brokers was 235.

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A bar chart of CIFs over the yearsTotal variety of CIFs regulated by the CySEC, Source: CySEC The total number of clients at CySEC brokersThe variety of shoppers in 2017 ticked greater from 2016

After peaking out within the period of binary choices whose finish began initially of 2016, the full determine for shoppers in 2017 amounted to about 1.5 million. The CySEC additionally offered information for the variety of workers servicing the trade. A complete of 4,430 individuals had been employed at CIFs as of the top of final 12 months.

A list of numbers for CySEC-regulated brokersSome key metrics for CIFs in 2017, Source: CySEC

Financials of CFDs Brokers

Looking on the financials, the brokerage firms on the island acquired about €1.68 billion of revenues final 12 months. Net revenue for the businesses totaled to €222.7 million, whereas complete belongings amounted to nearly €10 billion.

The latter quantity is a decline when in comparison with 2016, which seems to be a 12 months when all the statistics talked about above peaked out.

A breakdown of the CIF figures exhibits that the variety of firms which can be providing CFDs was 132 with the remaining 87 being “conventional” funding service suppliers. When we have a look at shoppers, a complete of 1.Four million had been with CFDs brokers, which employed 3,582 workers.

CFD brokers accounted for 1.Three billion of revenues and €176 million of web income after tax. Both numbers had been materially decrease when in comparison with 2016, which might be marked as one of the best 12 months for the trade. The belongings held at CFDs brokers had been €7.7 billion as of December 31, 2017.

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David is the founder of The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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