Trade Nation UK's FY2022 Turnover Records a 41.9% Increase

Trade Nation Financial UK Ltd is the UK branch of Trade Nation, the regulated trading platform for CFDs and spread trading. The company disclosed its increased key financial metrics for the year as of November 30, 2022 (fiscal year 2022), with a year-on-year increase in turnover of 41.9%.

Specifically, Trade Nation UK reported a turnover of £14,056,877 in the fiscal year 2022, while the turnover in FY21 was £9,904,766. Gross profit surged by 44.9% year-on-year, reaching £13,756,622.

The annual operating profit was £1,235,564 for FY22, while a loss of £426,955 was recorded in FY21. The pre-tax profit amounted to £1,241,990 as against a loss of £436,736 registered in FY21. Profit for FY22 was £1,180,168, compared to a loss of £296,898 in the prior fiscal year.

Besides, at the end of FY22, Trade Nation UK held a total equity of £12,502,704 as compared to £11,322,536 in the previous year. The profit and loss reserve increased from £7,786,116 to £8,966,284.

Last month, Trade Nation reportedly obtained a new offshore license from the Seychelles Financial Services Authority last month, marking a significant step in the development of the broker.