INFINOX's Revenues for FY2023 Hits Record

London-based CFD brokerage INFINOX reported a strong performance in the financial year of 2023 (year ended March 31), with record revenues achieved during this period, standing at $130 million.

The INFINOX brand globally also delivered record Key Performance Indicators (KPIs), including record volume traded, deposits and client accounts.

In addition, INFINOX Capital Ltd (UK), the British licensed unit of the INFINOX group, maintained steady financial performance in the fiscal year. The entity has generated £15.7 million, a modest decline from FY2022’s £17.1 million.

"Like many firms in our industry, the commercial environment in the UK remains challenging. The company operates on an efficient model with a strong product offering. Our KPIs are in line with a healthy model, and we expect that the business will continue to be profitable, as has always been the case," commented Jay Mawji, Managing Director of INFINOX Capital.

"Investments have been made in our vertical and horizontal structures, with a series of new products, partnerships, and acquisitions to be announced and delivered in 2024," he added.

Last week, Fazzaco reported that INFINOX is expanding its payment options with the addition of Electronic Money Institutions (EMIs)​, offering clients a secure, convenient, and globally accessible alternative to traditional bank transfers.