Tradeslide Trading Tech Limited, the company behind the Darwinex brand in the UK, has filed its annual report for the period ended December 31, 2022, reporting a jump of almost 70% in its profit. However, the figures cover an 18-month period starting from June 30, 2021.

Darwinex Sees AUM Growth

According to the report published by the UK Companies House, Tradeslide’s profit for the period leapt from €225,000 in 2021 to €377,000. In addition, the UK-based retail broker and asset manager’s gross profit reached €7.8 million, climbing from €4.1 million. Overall, the company’s turnover shot up from €5.3 million to €9.6 million.

Tradeslide explained that trader equity, or the total amount of money its traders had in their accounts, remained stable during the period. Furthermore, assets under management skyrocketed 117% during the period.

“There were no changes in the company’s capital or debt position. The business continues to re-invest incremental revenue to grow its activities,” Tradeslide noted, adding that it will continue to invest heavily in marketing over the coming months.

Recent Milestones

Meanwhile, Tradeslide in the financial report highlighted some of the recent milestones achieved by its trading brand, including its recent integration with Interactive Brokers, the popular American electronic trading platform. The integration provides Darwinex’s clients will access to Interactive Brokers' assets, such as shares, futures and exchange-traded funds, Finance Magnates reported.

Furthermore, Darwinex mentioned the launch of Darwinex Zero, a subscription-based trading platform that allows traders to pay a monthly fee to trade with a virtual account. The platform provides seed capital to successful traders and shares a part of their profits.

Additionally, Darwinex cited the operational license it was granted last year by Spain’s financial markets regulator. The license permits the firm to legally offer its trading services to retail customers in Spain and other European Economic Area countries, Finance Magnates noted.