- TRADE.com UK reports a 60% profit increase in 2023, with revenue reaching £892,377, showcasing significant financial growth.
- TRADE.com expands into the Italian market with a new local license, continuing its global growth strategy and regional diversification.
TRADE.com in the UK has reported a significant rise in revenue and profit for 2023, marking a robust financial year. Trade Capital UK Ltd (TCUK), the entity operating the FX/CFD broker, saw a nearly 60% increase in earnings compared to 2022.
According to the latest report filed with the UK Companies House, TCUK achieved a revenue of £892,377 in 2023, up from £759,240 in the previous year, representing an 18% growth.
By keeping direct expenses stable and reducing administrative costs, the company more than doubled its operating profit to £306,411, with net profit soaring nearly 60% to £218,325. TCUK’s total assets also increased, reaching almost £700,000.
These results are specific to the UK arm of TRADE.com, which operates separately from other regions under different regulatory entities. The company has also expanded into the Italian market, gaining local licensing and setting up new operations to enhance its global presence.
