Trade Nation UK Registers 41.9% Surge in Turnover for FY2022

Trade Nation Financial UK Ltd (Trade Nation UK), the UK arm of Trade Nation, a regulated platform for CFD and spread trading, disclosed a significant increase across key financial metrics for the year ended November 30, 2022 (FY2022), with turnover rising 41.9% on a yearly basis.

Specifically, the UK branch has generated £14,056,877 turnover for FY22, compared to £9,904,766 in FY21. Gross profit surged 44.9% year-over-year to £13,756,622.

Annual operating profit came in at £1,235,564, compared to 426,955 loss in FY21. Profit before taxation reached £1,241,990, while FY21 incurred £436,736 loss. Profit for the financial year was £1,180,168, compared to £296,898 loss in the previous year.

In addition, Trade Nation UK held total equity of £12,502,704 at FY22-end, compared to £11,322,536 in the prior year. Profit and loss reserves increased from £7,786,116 to  £8,966,284.

Last month, Fazzaco reported that Trade Nation has received a new offshore license​ granted by the Financial Services Authority of Seychelles, marking an important step for the growth of the broker.