Darwinex UK Reports 81% Surge in Turnover to €9.6M

Tradeslide Trading Tech Limited, the operator of Darwinex brand in the UK, has filed its financial report for the period starting from June 30, 2021 to December 31, 2022, unveiling that its turnover for the 18 months came in at €9.6 million, increasing significantly of 81% from €5.3 million in 2021. Darwinex is the social trading focused Retail FX and CFDs broker.

Besides, the UK branch has generated profit of €377,000 during the period, an increase of 70% from €225,000 in 2021. Gross profit stood at €7.8 million, compared to €4.1 million in 2021.

The company’s assets under management enjoyed a rise of 117%. Trader equity, or the total amount of money its traders had in their accounts, however, remained stable.

"There were no changes in the company's capital or debt position. The business continues to re-invest incremental revenue to grow its activities," Tradeslide noted. The firm will continue make huge investments into marketing over the coming months.

Last month, Darwinex announced its integration ​with Interactive Brokers, a US-based leading automated electronic broker, enabling Darwinex customers to trade with Interactive Brokers across Futures, Stocks, and ETFs.