Trade Capital UK (TCUK), which is known by its trade name Trade.com, reported a 114 percent increase in its annual revenue for the financial year 2021, which ended on 31 December. The absolute number came in at £240,009 compared to £112,213 in the previous year.
In addition, it narrowed its losses significantly, from £255,545 in FY2020 to £71,861 last year. That was a year-over-year reduction of losses by 72 percent.
A Versatile Broker
Previously known as Livemarkets, it was the second full-year performance report of the company that provides investment services with contracts for difference (CFDs) and spread betting.
Apart from execution-only services and executing client orders on a matched principal basis, the platform operates as an introducing broker to Interactive Brokers UK, offering market access to non-margined stocks, operations, futures and a few other instruments.
The company was incorporated in 2014 in the UK and received its FCA license in January 2017 but was granted the approval for a VoP at the end of September 2019. It started operations in mid-October 2019.
“In 2020/2021 the Company’s operations were at the initial stages following the authorization granted by the FCA for Variation of Permission (VoP) to hold clients’ funds and act as a matched principal broker… [Despite the latest performance] more accurate comparative figure and performance figures will be available in subsequent years,” the Companies House filing stated.
In addition to the UK license, the company holds a Cypriot license. On top of that, it is operating in Europe from multiple offices.
Furthermore, the latest Companies House filing elaborated that the total assets of the company at the end of the financial year came in at £348,953 compared to the previous year’s £698,597. The net assets came stood at £215,898 from £287,759 in 2020.
