<p>Global Brokerage Inc., the owner of FXCM, an online forex
trading and contract for difference (CFD) broker, recorded a 21.6% growth in its net
revenue in the second quarter of 2022.</p><p>The net revenue in the quarter came in at $37.83 million, which is a
significant rise from the $31.1 million generated during <a href=”https://www.financemagnates.com/forex/global-brokerage-sees-total-net-revenues-of-3111m-during-q1-2022/”>the first quarter</a> of the year.</p><p>Global Brokerage disclosed these on Friday in its <a href=”https://docs.fxcorporate.com/ir-glbr/press-releases/GLBR-FS-Q2-2022.pdf”>unaudited financial results</a> for the second quarter
of 2022. </p><p>Contrary to its net revenue, the company’s net loss during
the quarter collapsed by 57% to $5.12 million from first
quarter’s $12 million.</p><p>Between the first six months of 2022, Global
Brokerage posted a net loss of $16.98 million. This is a big drop (50.4%)
from the $34.24 million <a href=”https://docs.fxcorporate.com/ir-glbr/press-releases/GLBR-FS-Q2-2021.pdf”>recorded</a> in the same period last
year.</p><p>Furthermore, while the company recorded an operating income of $5.7
million in the second quarter, it had posted an operating loss of $1.8
million during the first quarter of 2022.</p><p>First Half of Year and Other Performances</p><p>During the second quarter of 2022, Global Brokerage recorded a
marginal increase in its <a href=”https://www.financemagnates.com/tag/asset-management/” target=”_blank”>total assets</a>. The company posted a slight 0.5% growth in this
category. </p><p>The company’s total assets came in at $399.71 million,
marking a small move away from the $397.9 million recorded at the end of March last year. </p><p>Furthermore, Global Brokerage recorded a 1.2% increase in its <a href=”https://www.financemagnates.com/tag/debt/” target=”_blank”>total liabilities</a> at the end of the second quarter of 2022. Total liabilities reached $602.1 million during the period. As of March this year, the company’s
total liabilities stood at $594 million.</p><p>Global Brokerage provides online forex and CFD trading services to retail customers. It also provides spread
betting and other relatives services. </p><p>Additionally, the company provides access to trading tools
to customers from around the world. </p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
