05.08.2023
Darwinex has reported profit growth in the UK
05.08.2023
Glory Faleke
Contributor

Tradeslide Trading Tech Limited, which operates the Darwinex brand in the UK, has published its financial results for 2022.

Although the report filed with the UK Registrar's Office is an annual report, it includes statistics for 18 months from June 30, 2021.

According to the report, the company's profits increased from €225,000 in 2021 to €377,000 during this period. Similarly, Tradeslide Trading Tech Limited's gross profit increased to €7.8 million from €4.1 million in the previous year.

The broker's revenue increased from €5.3 million to €9.6 million during the period, with assets under management increasing by 117%.

Tradeslide Trading Tech Limited noted that the amount of funds held by traders in their accounts remained the same.

The company said that it will continue to invest capital in developing its business and attracting new clients.

In addition, the broker mentioned that it has partnered with Interactive Brokers, under which users will have access to trade futures, equities, and ETF IBKR.

See also: Saxo Bank released its financial figures for July 2023.