Tradeslide Trading Tech Limited, operating as Darwinex in the UK, reveals a near 70% surge in earnings in its December 31, 2022, annual report. The report spans 18 months, commencing June 30, 2021.
Darwinex Growth in AUM
According to the UK Companies House report, Tradeslide’s profits soared from €225,000 in 2021 to €377,000. Furthermore, the gross profit of this UK-based retail broker rose from €4.1 million to €7.8 million. It contributed to the company’s turnover spiking from €5.3 million to €9.6 million.
Stable trader equity, representing the total funds of its traders, was observed during the period, accompanied by a massive 117% upsurge in assets under management.
The business consistently reinvests surplus revenue to amplify its operations, and no alterations in the capital or debt position, Tradeslide stated, promising a strong marketing push in the impending months.
The financial report also underscored some of the significant milestones reached by Tradeslide, including the successful integration with Interactive Broker, a well-known electronic trading platform in America. This merger offers Darwinex’s clients the advantage of trading assets like shares, futures, and ETFs on Interactive Brokers.
Moreover, Darwinex rolled out Darwinex Zero, a subscription-based offering allowing traders to amplify their gains through trading on a virtual account. The platform presents seed capital to accomplished traders and takes a share of their profits.
Darwinex also received an operational license from Spain’s financial market regulator last year, allowing the company to legally extend its trading services to retail clients in Spain and the broader European Economic Area.