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The operating revenue of the Japanese forex brokerage Invast Securities dropped again in July, after a significant rise in June.
According to its monthly report, in July the revenue was JPY 302 million – 19% lower than in June and the second lowest since the start of 2016, after May’s JPY 238 million. Compared to last July, it was 9% lower.
In July the deposited margin continued its decline and dropped 0.3% from June to JPY 67.2 billion. When compared to July 2015, this past month the deposits were JPY 3.2 billion less than last July.
Invast Securities is based in Tokyo, consists of a group of companies regulated by the Japanese Financial Services Agency (JSFA) and the Australian Securities and Investment Commission (ASIC). The company offers trading in forex and contracts for difference (CFDs).
In June Invast Securities became the first major forex broker to sign up for the new fintech consulting service of Zuu Co – a provider of financial and asset management information for executive users. The information is transmitted on Invast Securities’ ETF GateWay financial news site, mainly utilized to promote the financial product exchange traded funds (ETF).
Earlier this month the main competitors of Invast Securities on the Japanese market also reported their results. Rakuten Securities, for example, reported a slow increase in its July revenue,