Valutrades Records the Third Consecutive Year Growth in Turnover for FY22

Valutrades, a forex and CFDs broker regulated by the UK FCA, revealed its trading data for the full year ended December 31, 2022 (FY22) , highlighting a positive trend of growth in turnover for the third consecutive year. In FY22, the company achieved a total turnover of £6,489,019, showcasing a significant increase of 46.8% when compared to the previous fiscal year's turnover of £4,419,336.

Profit for the financial year came in at £735,007, versus a loss of £471,549 in the prior year. Operating profit amounted to £543,936, versus a loss of £443,575 in FY21. Profit before tax amounted to £551,709, versus a loss of £443,263 in FY21.

Net assets for the period rose by 18.5% from £3,978,389 to £4,713,396.

Graeme Watkins, CEO of Valutrades, commented: "We are happy to share our results that show a strong performance for 2022. Most encouragingly these results align perfectly with our long-term strategy of investing the majority of our revenue back into our services to provide a market leading offering. The trust our clients have continued to place in us and the organic growth we are seeing is a testament to this. Looking forward, our volumes have remained consistent in 2023 and we are particularly excited about some exciting new technology projects due to launch at the end of 2023."