Stock Trading App Freetrade Registers 9% Rise in Trading Volumes for FY22, with Revenues up 23%
Source: Chloe
The UK stock trading app Freetrade has released its financial results for the fiscal year 2022 ended September 30, unveiling that trading volumes reached £3.6 billion during the period, an increase of 9 percent from FY21's £3.3 billion.
Company revenues, therefore, went up 23 percent from £12.47 million in the prior fiscal year to £15.6 million. Net loss for the year, however, gew substantially to £39.8 million, compared to £17.1 million in FY21.
Freetrade ended FY22 with 1,336,760 registered users, surging 51 percent from 886,743 in FY21. Assets under Administration (AuA) increased by 39 percent.
Subscribe Now
