Broker Trade Nation has released its financial report for the fiscal year 2022, which shows significant growth in revenue and profit.
In the fiscal year 2022, which ended on November 30, Trade Nation's revenue increased by 42% to £14.1 million, with a net profit of £1.2 million, compared to a loss of £297,000 in the previous year.
Client funds held by Trade Nation increased to £3.5 million for the FY 2022, up from £3.2 million in 2021, according to a report filed with the UK Registrar's Office.
The company's revenue for the period rose 42% to £14 million, up from £9.9 million in 2021.
The broker also said that it will continue to grow its business, as well as improve its user experience to increase client retention and encourage continued brand loyalty.
Recall that Trade Nation and its brands are controlled by British entrepreneur Jasper White, who acquired the company in 2014.
Trade Nation was previously licensed by the Seychelles Financial Services Authority. Seychelles is a popular licensing destination for brokers seeking access to the Asian market.
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