So did they came back and explained things as promised ? i cant see anyone in this thread after the date mentioned, perhaps i am missing something ?
Hi Daniel We have all details and questions about our company over here: https://www.elitetrader.com/et/threads/axia-futures-fct-questions-answers.340580/ Hope trading is going well. Best regards
I've got a question for Carlsson or Haywood... why does FCT lose money every year (2017-2019) if you guys are so wildly profitable?
It is clear that those posing the questions are unfamiliar with the running of a trading firm or the analysis of the accounts. Nevertheless, we will try and clarify for those who are confused about the business model. 1. Why is FCT Europe Limited not profitable between 2017-2019 The accounts available at companies house show that FCT Europe Limited was profitable during that period. The accounts available are limited, but nevertheless show that the company made profits during that period. 2. How can traders have $1m days and the FCT Europe Limited profit be so low? The Traders who have these trading days keep bulk of the profit. FCT Europe Limited is a facilitator and infrastructure provider for the traders who benefit by keeping the significant portion of the profits. This is one of the key reasons traders are joining FCT Europe Limited to trade through. FCT Europe Limited has costs such as operating and cost of capital which needs to be taken into account from any revenue prior to posting a profit. Therefore, unless the full accounts are viewed it is very difficult to fully appreciate the business model based on 1 number that is being focused on. 3. What should be focused on? The area to be focused on is the share capital in place that helps margin a group of trades under our European jurisdiction. The FCT Europe Limited accounts is one part of an entire group of companies that operates in multiple jurisdictions. The FCT Europe Limited arm, FCA regulated, facilitates the trading of 70 + traders of which we ensure we have at our various clearing firms the required margin capital to facilitate traders trading activity across all the exchanges we participate. We have operated since 1984 within the Futures space and ensure our company structures and inter-company design are there to mitigate both market and counterparts credit risk across all exchanges and geographical regions so as to provide a platform for all our futures traders to trade safely. Our performance as a group of companies since 1984 has allowed for the firm to grow for almost 4 decades from futures trading to our own family office managing a basket of assets. Majority of our traders operate as independent LTD companies in partnership with FCT to operate their individual trading businesses.