Hantec forex 7

Hantec Markets revenues flat in 2021 at £5.4 million.

FCA licensed Retail FX and CFDs broker Hantec Markets Limited has reported its results for 2021, and they look very much like the company’s 2022 report, on both the top and bottom line.

Hantec brought in £5.4 million in Revenues in 2021, but also had Admin Expenses of £5.4 million – with the company operating at basically breakeven for the year (technically, a net profit of £27,000). In 2022 Hantec had Revenues of £5.3 million and profit of £227,000.

Hantec did see a nice uptick in client money held at the company in 2021, increasing to £24.3 million from £18.1 million as at year-end 2022.

Since year-end Hantec has undergone some changes, with longtime COO Hayel Abu-Hamdan moving to Dubai to become the group’s Chief Commercial Officer, replaced in London by the company’s Chief Strategy Officer Tony Sharpe.

Hantec Markets is controlled by former ODL Securities and Rosenthal Collins executive Bashir Nurmohamed. Mr. Nurmohamed established the broker in 2010 with backing from Hong Kong based Hantec Group founder Tang Yu Lap.

Hantec Markets’ 2021 income statement and balance sheet follow:

Gerald Segal.

Gerald is the founder of FNG and is one of the most experienced writers covering the online trading sector. Prior to starting FNG, Gerald founded Forex industry B2B news website LeapRate.com in 2010, selling it in 2022 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.

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