New! From TeraFX to Gildencrest Capital!

The retail FX and Contract for Difference (CFD) broker, TeraFX, underwent a substantial transformation as it adopted the name Gildencrest Capital starting February 1, 2024. The rebranding is positioned as a strategic manoeuvre to redefine its market identity.

The retail FX and Contract for Difference (CFD) broker, TeraFX underwent a substantial transformation as it adopts the name Gildencrest Capital starting February 1, 2024. The rebranding is positioned as a strategic manoeuvre to redefine its market identity.

Gildencrest Capital, despite the name change, assures clients that its core values and commitment to delivering high-quality service will remain consistent. Clients are informed that they can expect the same standards of professionalism, reliability, and dedication previously associated with TeraFX, now operating under the Gildencrest Capital name.

The rebranding process ensures that client account details, login credentials, and all relevant information will remain unchanged. Gildencrest Capital's communication underscores the seamless transition for clients, allowing uninterrupted access to their accounts and trading activities.

In the preceding year, Tera Europe Limited reported a notable financial performance for 2022, showcasing a significant upturn in turnover and strategic adjustments in its business model. The financial report indicates a substantial surge in trading volume, with a 64% increase in the forex business, reaching £18.9 billion.

Despite market volatility attributed to global events like the conflict in Ukraine and inflationary pressures, the company observed a positive upturn of 50% in equities trading, totalling £547 million. The emphasis on transitioning from the forex business to the Capital Market Securities Business reflects the company's strategy to diversify its product offerings and brokerage activities in response to evolving market dynamics.

Notwithstanding increasing sales and administrative expenses, Tera Europe concluded 2022 with a commendable pre-tax profit of £1.6 million, marking a significant improvement from the previous year's loss. The company's net profit after taxes stood at £1.5 million, illustrating its resilience in challenging market conditions.

In line with strategic objectives, Tera Europe is actively expanding its presence in European markets by pursuing a Polish license acquisition. This move signifies the company's dedication to regulatory compliance and its initiatives for market expansion.