TeraFX, a renowned FCA-licensed broker in Retail FX
and CFDs, is undergoing a significant transformation as it rebrands itself to
Gildencrest Capital, effective February 1, 2024.
TeraFX, a prominent company in retail FX and CFDs,
is set to embark on a new phase of its journey as it transforms into
Gildencrest Capital. According to the company, this rebranding represents a
move aimed at redefining the company’s identity and positioning in the market.
Despite the change of its name, Gildencrest Capital
reassured its clients in an email sent to Finance Magnates that its core values
and commitment to delivering high-quality service remain unwavering. Clients
can expect the same level of professionalism, reliability, and dedication that
they have come to associate with TeraFX, now under the banner of Gildencrest
Capital.
Account details, login credentials, and all other
pertinent information will remain unchanged. According to the firm’s
communication, Clients can access their accounts and continue trading without disruption, ensuring a smooth experience throughout the rebranding process.
Last year, Tera Europe Limited disclosed impressive financial performance for 2022, showcasing a remarkable surge in turnover and
strategic shifts in its business model. Tera Europe’s financial report indicates a
substantial increase in trading volume, with the forex business experiencing a
notable 64 percent surge, reaching £18.9 billion.
Profitability and Market Expansion
Despite facing market
volatility attributed to global events like the Ukraine conflict and
inflationary pressures, the company’s equities trading also witnessed a 50 percent
increase, amounting to £547 million. The company emphasized a shift from the Forex
business to the Capital Market Securities Business, aiming to diversify its
product offerings and brokerage activities to adapt to market dynamics.
Despite escalating sales and administrative
expenses, Tera Europe concluded 2022 with a commendable pre-tax profit of £1.6
million, a significant turnaround from the previous year’s loss. The company’s
net profit after taxes stood at £1.5 million, reflecting its resilience amidst
challenging market conditions.
Tera Europe is expanding its footprint into European
markets in line with its strategic objectives. It has initiated the process of
acquiring a Polish license, signaling its commitment to regulatory compliance
and market expansion initiatives.
TeraFX, a renowned FCA-licensed broker in Retail FX
and CFDs, is undergoing a significant transformation as it rebrands itself to
Gildencrest Capital, effective February 1, 2024.
TeraFX, a prominent company in retail FX and CFDs,
is set to embark on a new phase of its journey as it transforms into
Gildencrest Capital. According to the company, this rebranding represents a
move aimed at redefining the company’s identity and positioning in the market.
Despite the change of its name, Gildencrest Capital
reassured its clients in an email sent to Finance Magnates that its core values
and commitment to delivering high-quality service remain unwavering. Clients
can expect the same level of professionalism, reliability, and dedication that
they have come to associate with TeraFX, now under the banner of Gildencrest
Capital.
Account details, login credentials, and all other
pertinent information will remain unchanged. According to the firm’s
communication, Clients can access their accounts and continue trading without disruption, ensuring a smooth experience throughout the rebranding process.
Last year, Tera Europe Limited disclosed impressive financial performance for 2022, showcasing a remarkable surge in turnover and
strategic shifts in its business model. Tera Europe’s financial report indicates a
substantial increase in trading volume, with the forex business experiencing a
notable 64 percent surge, reaching £18.9 billion.
Profitability and Market Expansion
Despite facing market
volatility attributed to global events like the Ukraine conflict and
inflationary pressures, the company’s equities trading also witnessed a 50 percent
increase, amounting to £547 million. The company emphasized a shift from the Forex
business to the Capital Market Securities Business, aiming to diversify its
product offerings and brokerage activities to adapt to market dynamics.
Despite escalating sales and administrative
expenses, Tera Europe concluded 2022 with a commendable pre-tax profit of £1.6
million, a significant turnaround from the previous year’s loss. The company’s
net profit after taxes stood at £1.5 million, reflecting its resilience amidst
challenging market conditions.
Tera Europe is expanding its footprint into European
markets in line with its strategic objectives. It has initiated the process of
acquiring a Polish license, signaling its commitment to regulatory compliance
and market expansion initiatives.
