GCM Prime sees Revenues drop and posts $3.2M loss in 2017 @ Forex Factory

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From leaprate.com

LeapRate has discovered by way of regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has seen a drop in Revenues and a digital evaporation of all shopper cash held on the firm throughout 2017.

On the highest line, Revenues for 2017 at GCM Prime had been down 25% to $2.1 million, versus an annualized $2.8 million in 2016. (GCM Prime reported $2.09 million of Revenue in the course of the 9-month interval April-December 2016).

The firm posted a loss of $3.2 million for the 12 months.

In May 2018, the companys shareholders put a further £1.3 million of capital into the corporate – by year-end 2017 GCM Prime had an accrued web loss … (full story)

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