For the year ending on 31st December 2017, Z.COM’s turnover surged to $1.9 million (GBP 1.37 million) compared to mere $570,265 (GBP 406,542) in the year prior– a growth of 236 percent year-over-year, largest ever recorded growth. The company sustained losses of tune to $615,000 (GBP 438,000) during the period due to the cost related to start-ups. But, the company managed to restrict it losses by over 76 percent during the period from $2.6 million (GBP 1.84 million) in previous fiscal.
The company managed to bring down its Administrative expenses reporting $2.5 million (GBP 1.8 million) in expenses compared to $3.2 million (GBP 2.6 million), a decrease of 20 percent over the year. Z.COM provides its services through the MT4 trading platform offering foreign exchange, contracts-for-difference (CFDs), and spread betting services.
In a statement to Leaprate, CEO of GMO-Z.com Trade UK Limited, Masahiro Funada commented:
“During this past year we have invested in upgrading our technology and internal capacity to enable us to expand our services across the European and global market, and better leverage the resources we have access to from the world’s largest retail forex provider, GMO CLICK. We have seen a lot of interest in particular on the institutional side of the business, and look forward to expanding GMO CLICK liquidity to a wider global audience, from our liquidity hubs in London and Tokyo.”