Tradeslide
Trading Tech Limited, the company behind the Darwinex brand in the UK, has filed its annual
report for the period ended December 31, 2022, reporting an almost 70% jump in its
profit. However, the figures cover an 18-month period
starting from June 30, 2021.
According
to the report published
by the UK Companies House, Tradeslide’s profit for the period jumped from
€225,000 in 2021 to €377,000. In addition, the UK-based retail broker and
asset manager’s gross profit came in at €7.8 million, climbing from €4.1
million. Overall, the company’s turnover shot up from €5.3 million to €9.6
million.
Tradeslide
explained that trader equity, or the total amount of money its traders had in
their accounts, remained stable during the period. Furthermore, assets under
management skyrocketed during the period by 117%.
“There were
no changes in the company’s capital or debt position. The business continues to re-invest incremental
revenue to grow its activities,” Tradeslie noted, adding that it will continue to
invest heavily into marketing over the coming months.
Recent
Milestones
Meanwhile,
Tradeslide in the financial report highlighted some of the recent milestones
achieved by its trading brand, including the recent integration with Interactive Broker, the popular American electronic
trading platform. The integration provides Darwinex’s clients will access to
assets, such as shares, futures and exchange-traded funds, on Interactive
Brokers, Finance Magnates reported.
Furthermore, Darwinex mentioned the launch of Darwnex Zero, a subscription-based trading platform that allows
traders to pay a monthly fee to trade on a virtual account. The platform provides
seed capital to successful traders and shares a part of their profits.
Additionally, Darwinex cited the operational license it
was granted last year by Spain’s financial markets regulator. The license
permits the firm to legally
offer its trading services to retail customers in Spain and other European Economic
Area countries, Finance Magnates reported.
Tradeslide
Trading Tech Limited, the company behind the Darwinex brand in the UK, has filed its annual
report for the period ended December 31, 2022, reporting an almost 70% jump in its
profit. However, the figures cover an 18-month period
starting from June 30, 2021.
According
to the report published
by the UK Companies House, Tradeslide’s profit for the period jumped from
€225,000 in 2021 to €377,000. In addition, the UK-based retail broker and
asset manager’s gross profit came in at €7.8 million, climbing from €4.1
million. Overall, the company’s turnover shot up from €5.3 million to €9.6
million.
Tradeslide
explained that trader equity, or the total amount of money its traders had in
their accounts, remained stable during the period. Furthermore, assets under
management skyrocketed during the period by 117%.
“There were
no changes in the company’s capital or debt position. The business continues to re-invest incremental
revenue to grow its activities,” Tradeslie noted, adding that it will continue to
invest heavily into marketing over the coming months.
Recent
Milestones
Meanwhile,
Tradeslide in the financial report highlighted some of the recent milestones
achieved by its trading brand, including the recent integration with Interactive Broker, the popular American electronic
trading platform. The integration provides Darwinex’s clients will access to
assets, such as shares, futures and exchange-traded funds, on Interactive
Brokers, Finance Magnates reported.
Furthermore, Darwinex mentioned the launch of Darwnex Zero, a subscription-based trading platform that allows
traders to pay a monthly fee to trade on a virtual account. The platform provides
seed capital to successful traders and shares a part of their profits.
Additionally, Darwinex cited the operational license it
was granted last year by Spain’s financial markets regulator. The license
permits the firm to legally
offer its trading services to retail customers in Spain and other European Economic
Area countries, Finance Magnates reported.
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- Source: https://www.financemagnates.com//forex/darwinexs-profit-soars-70-in-the-uk-as-trader-equity-remains-stable/
