FCA regulated retail forex broker Henyep Capital Markets (UK) Limited, which operates several retail forex brands including HY Markets and Piptrade, has reported its financial results for 2015 indicating growth in activity at the company during the year.
Henyep UK’s 2015 Revenues hit £3,097,306, up 9% over 2014. Profits were £337,914, up 22%. Henyep UK ended 2015 with capital of £2.1 million.
We would note that Henyep UK’s financials do not tell the whole story (or actual size) of the company’s activities. Henyep UK provides execution-only dealing services on behalf of another Henyep Group company abroad. The Group company abroad then pays back to Henyep UK an agency fee. That way all Henyep UK client funds are kept safe with the UK based FCA regulated entity and in accordance with FCA regulations, while the company can pass on a lot of the volume and risk to a separate Group company abroad.
However the increase in both Revenues and Profits reported at Henyep UK indicate to us an overall growth in activity in the group during 2015.
Henyep has strong ties in both the Middle East and the Far East. Henyep’s controlling shareholder Mr. Sheen-Charm Chiu resides in Hong Kong. The company’s key brands and their areas of focus include:
- HY Markets – UK, Europe, Middle East
- Piptrade – Spread Trading, mainly Middle East and Asia
- HY Investments – B2B, white label partners, institutional partners
- HYCM DIFC – UAE
Henyep UK’s income statement for 2015:
