May 29, 2023

Monday, 29/05/2023 | 06:05 GMT It onboarded 165,968 new costumes last year. Trading 212 Rising Expenses of Trading 212 The revenue of Trading 212 UK Limited strengthened last year by 5 percent from £94 million in 2021. However, the other operating income of the trading platform decreased to £1.7 million from £4.5 million, and administrative expenses jumped to £49.1 million from £42.4 million. While the finance income of the company jumped, the finance expense also increased from £265,181 to £918,724. These factors pushed the pre-tax profits down by more than 9 percent. The brokerage operator netted £41.1 million as profits from its UK operations, 9 percent lower than the previous year’s £45.2 million. Trading 212 is an established brokerage brand that offers both contracts for differences (CFDs) and a stockbroking platform. Its “growth strategy remains focused o the stockbroking part of the business and growing the value of client money and client asset balances.” Keep Reading New Customers Trading 212 also resumed client onboarding last year, which was voluntary and temporarily suspended in 2021 after explosive growth. Between August 2022 and the end of the year, the UK broker onboarded 165,968 new costumes. From our Directory We are proud to bring commission-free investing to even more investors worldwide 🌎 Your capital is at risk Trading 212 UK Ltd pic.twitter.com/GjvCVMydYd Apart from the UK, Trading 212 also has a significant presence in the European Union, where it offers services under a Cypriot entity. Following Brexit, the UK trading platform transferred about 14 percent of its customers to the Cyprus-regulated trading 212 Markets Limited. The transfer was expected to be completed in 2022 but will be finalized in 2023. Trading 212 Group Limited, the holding company of four entities operating under the Trading 212 brand, reported total revenue of £138.7 million for the 2021 financial year, a jump of 11.2 percent. Its pre-tax profits that year came in 473 percent higher at £86 million. However, the group company is yet to reveal its 2022 numbers. The UK subsidiary of Trading 212 has ended 2022 with a revenue of more than £98.7 million and a pre-tax profit of over £50.8 million, the latest Companies House filing of the company revealed. Rising Expenses of Trading 212 The revenue of Trading 212 UK Limited strengthened last year by 5 percent from £94 million in 2021. However, the other operating income of the trading platform decreased to £1.7 million from £4.5 million, and administrative expenses jumped to £49.1 million from £42.4 million. While the finance income of the company jumped, the finance expense also increased from £265,181 to £918,724. These factors pushed the pre-tax profits down by more than 9 percent. The brokerage operator netted £41.1 million as profits from its UK operations, 9 percent lower than the previous year’s £45.2 million. Trading 212 is an established brokerage brand that offers both contracts for differences (CFDs) and a stockbroking platform. Its “growth strategy remains focused o the stockbroking part of the business and growing the value of client money and client asset balances.” Keep Reading