- Trade Nation reports a £2.2 million loss for 2023, driven by decreased UK turnover and increased administrative costs.
- Despite a decline in UK revenue, Trade Nation sees growth in North American markets and integrates with TradingView.
Trade Nation, a prominent spread betting and CFD provider, has disclosed a financial loss of £2.2 million for 2023, marking a significant decline from its previous year’s performance. The company, which operates globally with licenses in the UK, Australia, Bahamas, Seychelles, and South Africa, reported a 5% drop in turnover from £14 million to £13.4 million.
The decline in UK turnover was attributed to increased administrative costs and expanded staffing, with a 26% rise in expenses from £12.5 million to £15.7 million. Despite these challenges, Trade Nation saw growth in other regions, notably North America, contributing £10.1 million to the company’s revenue.
Additionally, Trade Nation has integrated with TradingView, offering clients access to over 1,000 markets with advanced charting tools. This strategic move aims to enhance trading capabilities and support future growth.
