On the other hand, the UK entity was the key revenue generator and turned profits.
The overall holding company of Trading 212 ended the year in profits, due to the performance of the UK entity.
Two non-UK Trading 212 entities, one in Bulgaria and another in Cyprus, generated annual revenue of £16.2 million in 2022, the latest financials of the umbrella Trading 212 Group’s financials revealed. Revenue of both these entities came in at £44 million in the previous year.
Three Entities of Trading 212
Although the group generated total revenue of £114.9 million, a year-over-year decline of 17 percent, its business in the UK alone brought in more than £98.7 million, according to earlier filed financials of Trading 212 UK Limited. The Trading 212 Group primarily holds three entities: Trading 212 UK Limited (registered and regulated in the UK), Trading212 Limited (based in Bulgaria), and Trading 212 Markets Limited (located in Cyprus). It closed down a German entity last year and migrated the clients' monies to the UK and the Cypriot entity.
The umbrella group turned a pre-tax profit of £40.5 million, down from the previous year’s £86 million. An earlier filing by the UK entity shows that it ended 2022 with a pre-tax profit of £50.8 million, meaning the Cypriot and Bulgarian branches ended the year with a loss of £10.3 million.
Trading 212 Group Limited closed the year with a net profit of £30.3 million, a yearly decline of 58.4 percent.
Client Onboarding Remains Strong
Trading 212 offers categorizes its business into two segments: a stock brokering platform and contracts for differences (CFDs) trading platform. The brokerage offers both products under the Trading 212 brand, and its clients are predominantly from the United Kingdom and the European Union.
After a few months of “voluntary and temporary” pause on client onboarding, Trading 212 UK resumed taking on clients again in August 2022 and ended the year with 165,968 unique customers. Meanwhile, the Cyprus entity onboarded 424,281 new clients last year.
The Trading 212 brand is now shifting its focus from the CFDs business towards the stock brokerage with its zero-commission business model.
“T212’s growth strategy focused on the stockbroking part of the business and growing the value of client money and client asset balances,” the Companies House filing stated. “While this growth continues to be driven in part by broader market trends and activities, crucially, it is driven by the increasing popularity of T212’s platform and our product offering.”
Two non-UK Trading 212 entities, one in Bulgaria and another in Cyprus, generated annual revenue of £16.2 million in 2022, the latest financials of the umbrella Trading 212 Group’s financials revealed. Revenue of both these entities came in at £44 million in the previous year.
Three Entities of Trading 212
Although the group generated total revenue of £114.9 million, a year-over-year decline of 17 percent, its business in the UK alone brought in more than £98.7 million, according to earlier filed financials of Trading 212 UK Limited. The Trading 212 Group primarily holds three entities: Trading 212 UK Limited (registered and regulated in the UK), Trading212 Limited (based in Bulgaria), and Trading 212 Markets Limited (located in Cyprus). It closed down a German entity last year and migrated the clients' monies to the UK and the Cypriot entity.
The umbrella group turned a pre-tax profit of £40.5 million, down from the previous year’s £86 million. An earlier filing by the UK entity shows that it ended 2022 with a pre-tax profit of £50.8 million, meaning the Cypriot and Bulgarian branches ended the year with a loss of £10.3 million.
Trading 212 Group Limited closed the year with a net profit of £30.3 million, a yearly decline of 58.4 percent.
Client Onboarding Remains Strong
Trading 212 offers categorizes its business into two segments: a stock brokering platform and contracts for differences (CFDs) trading platform. The brokerage offers both products under the Trading 212 brand, and its clients are predominantly from the United Kingdom and the European Union.
After a few months of “voluntary and temporary” pause on client onboarding, Trading 212 UK resumed taking on clients again in August 2022 and ended the year with 165,968 unique customers. Meanwhile, the Cyprus entity onboarded 424,281 new clients last year.
The Trading 212 brand is now shifting its focus from the CFDs business towards the stock brokerage with its zero-commission business model.
“T212’s growth strategy focused on the stockbroking part of the business and growing the value of client money and client asset balances,” the Companies House filing stated. “While this growth continues to be driven in part by broader market trends and activities, crucially, it is driven by the increasing popularity of T212’s platform and our product offering.”
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 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. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 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. Subscribe to our YouTube channel for more!