Trading 212 Group Experiences Overall Decline Across Key Financial Metrics in 2022

The online Forex and CFD brokerage, Trading 212 Group Limited, has released its financial results for the year ended December 31, 2022, showing an overall decline across key metrics.

The company explained that it has suspended the onboarding of new clients for a good portion of 2022, and restructured its EU operations.

Trading 212 Group generated revenue for 2022 of £114.9 million, 17 percent lower over 2021's £138.7 million. Profit for the year slumped 58% from £72.9 million to £30.3 million.

Profit from operations was £41.6 million, dropping 52 percent from the prior year's £86.4 million. 2022’s total comprehensive income also fell 52 percent to £34.2 million.

As a financial holding company, Trading 212 Group Limited owns three subsidiaries, namely Trading 212 UK Limited, Trading 212 Limited, and Trading 212 Markets Limited.

In May, Fazzaco reported that Trading 212 UK Limited​, the UK unit of Trading 212, has produced revenue of more than £98.7 million in 2022, an increase of 5 percent compared to £94 million in 2021.