Fortrade has released its figures for fiscal year 2022, showing an increase in revenue.
The broker's revenue for the period increased by 14% to £32.3 million from £28.3 million in FY 2021. Meanwhile, net profit for FY 2022 fell 23% to £824k, down from £1.1m a year earlier, FNG said.
"This year's results and year-end financial position were considered by the directors to be satisfactory given the challenging trading conditions and increasing competition in its core market," the company said in the report.
Fortrade is a classic STP broker that has been operating since 2013. The company consists of several independent licensed units located in many countries around the world, with Fortrade's headquarters in London. One of the advantages of Fotrtrade is that the broker is licensed by FCA, CySEC, and ASIC.
It is worth noting that Fortrade is controlled by Audina Treuhand AG, an investment company based in Liechtenstein.
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