The firm's equity jumped by 29%, an improvement from the previous year.
Tradeslide recently implemented a partnership with IBKR.
Tradeslide Trading Tech Limited, the company behind the
Darwinex brand in the UK, released its financial results for the year 2023. The results highlighted an increase in profit despite a decline in revenue. The firm’s
equity jumped 29% compared to the previous year, which covered an 18-month
period that ended in December 2022.
Tradeslide Boosts Capital
Tradeslide’s profit increased 54% from €377k to €582k, while the operating
profit declined 45% from €466,812 to €252,566. “The company has significantly improved gross profit in
comparison with the last 12-month period, as well as optimized its fixed cost
base. Profitability enabled the company to shore up its capital position
throughout 2023,” Tradeslide commented on the financial
report.
According to the financial results published in UK Companies
House, turnover dropped from €9.6 million to €7 million, and gross profit reduced from €7.8 million to €5.3 million. Tradeslide, renowned for offering brokerage and investment management services, posted no change in capital or debt position. The firm explained that it continues to reinvest incremental revenue to scale the business.
The company revealed that its partnership agreement with IBKR was implemented during this period following the integration of its technology. This initiative enables the firm to expand its customer base. Additionally,
Tradeslide mentioned that it is searching for new market opportunities to
broaden its services.
Last Year's Performance
Last year, Tradeslide released the annual financial report for the period that ended in December 2022, disclosing a 70% upsurge in
profit. The figure jumped from €225,000 the previous year to €377,000.
Additionally, the brokerage firm’s gross profit reached more than €7 million
from €4 million. Generally, the firm’s turnover soared from €5 million to €9
million.
Tradeslide noted in the report that the amount of money held by its traders remained stable during that period. Among its highlighted achievements was the integration with the renowned American electronic marketplace Interactive Brokers. According to the firm, the integration offers
Darwinex’s users access to the electronic trading platform’s shares, futures,
and exchange-traded funds.
Tradeslide Trading Tech Limited, the company behind the
Darwinex brand in the UK, released its financial results for the year 2023. The results highlighted an increase in profit despite a decline in revenue. The firm’s
equity jumped 29% compared to the previous year, which covered an 18-month
period that ended in December 2022.
Tradeslide Boosts Capital
Tradeslide’s profit increased 54% from €377k to €582k, while the operating
profit declined 45% from €466,812 to €252,566. “The company has significantly improved gross profit in
comparison with the last 12-month period, as well as optimized its fixed cost
base. Profitability enabled the company to shore up its capital position
throughout 2023,” Tradeslide commented on the financial
report.
According to the financial results published in UK Companies
House, turnover dropped from €9.6 million to €7 million, and gross profit reduced from €7.8 million to €5.3 million. Tradeslide, renowned for offering brokerage and investment management services, posted no change in capital or debt position. The firm explained that it continues to reinvest incremental revenue to scale the business.
The company revealed that its partnership agreement with IBKR was implemented during this period following the integration of its technology. This initiative enables the firm to expand its customer base. Additionally,
Tradeslide mentioned that it is searching for new market opportunities to
broaden its services.
Last Year's Performance
Last year, Tradeslide released the annual financial report for the period that ended in December 2022, disclosing a 70% upsurge in
profit. The figure jumped from €225,000 the previous year to €377,000.
Additionally, the brokerage firm’s gross profit reached more than €7 million
from €4 million. Generally, the firm’s turnover soared from €5 million to €9
million.
Tradeslide noted in the report that the amount of money held by its traders remained stable during that period. Among its highlighted achievements was the integration with the renowned American electronic marketplace Interactive Brokers. According to the firm, the integration offers
Darwinex’s users access to the electronic trading platform’s shares, futures,
and exchange-traded funds.
Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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