The UK subsidiary of Trading 212 ended 2022 with revenues of more than £98.7m and profit before tax of more than £50.8m, Companies House’s latest filing on the company reveals.
Trading 212 UK Limited’s revenue last year boosted 5% from £94m in 2021. However, other operating income of the trading platform fell to £1.7m from £4.5m, and administrative expenses jumped to £49.1m from 4.5m. million pounds sterling. 42.4 million.
While the company’s financial income jumped, financial expenses also increased, from £265,181 to £918,724. These factors led to a pre-tax earnings drop of more than 9%. The brokerage made a profit of £41.1m from its UK operations, which is 9 per cent less than last year’s £45.2m.
Trading 212 is a well-established brokerage brand that offers both Contracts for Difference (CFDs) and a stock trading platform. Its growth strategy remains focused on the equity brokerage portion of the business and increasing the value of client funds and client asset balances.
“While this growth continues to be driven in part by broader market trends and activity, it is most importantly driven by the growing popularity of the T212 platform and our product offering,” the Companies House profile added.
new clients
Moreover, Trading 212 resumed customer service last year, which was voluntary and was temporarily suspended in 2021 after explosive growth. Between August 2022 and the end of the year, the UK broker welcomed 165,968 new clients.
attention! 📢
Registration is now open for customers from Mexico and the Philippines!
We are proud to bring commission-free investing to more investors around the world 🌎
Your capital is at risk
Trading 212 UK Ltd pic.twitter.com/GjvCVMydYd
– Trading 212 (@Trading212) April 14, 2023
Apart from the UK, Trading 212 has a significant presence in the European Union, where it provides services under a Cypriot entity. Post-Brexit, the UK-based trading platform has shifted about 14 percent of its customers to Cypriot-regulated trading firm 212 Markets Limited. The transfer was expected to be completed in 2022 but will be completed in 2023.
Trading 212 Group Limited, the holding company for four entities operating under the Trading 212 brand, reported total revenue of £138.7m for the 2021 financial year, a jump of 11.2 per cent. Its profit before tax that year rose by 473% to £86m. However, the group company is yet to reveal its figures for 2022.
The UK subsidiary of Trading 212 ended 2022 with revenues of more than £98.7m and profit before tax of more than £50.8m, Companies House’s latest filing on the company reveals.
Trading 212 UK Limited’s revenue last year boosted 5% from £94m in 2021. However, other operating income of the trading platform fell to £1.7m from £4.5m, and administrative expenses jumped to £49.1m from 4.5m. million pounds sterling. 42.4 million.
While the company’s financial income jumped, financial expenses also increased, from £265,181 to £918,724. These factors led to a pre-tax earnings drop of more than 9%. The brokerage made a profit of £41.1m from its UK operations, which is 9 per cent less than last year’s £45.2m.
Trading 212 is a well-established brokerage brand that offers both Contracts for Difference (CFDs) and a stock trading platform. Its growth strategy remains focused on the equity brokerage portion of the business and increasing the value of client funds and client asset balances.
“While this growth continues to be driven in part by broader market trends and activity, it is most importantly driven by the growing popularity of the T212 platform and our product offering,” the Companies House profile added.
new clients
Moreover, Trading 212 resumed customer service last year, which was voluntary and was temporarily suspended in 2021 after explosive growth. Between August 2022 and the end of the year, the UK broker welcomed 165,968 new clients.
attention! 📢
Registration is now open for customers from Mexico and the Philippines!
We are proud to bring commission-free investing to more investors around the world 🌎
Your capital is at risk
Trading 212 UK Ltd pic.twitter.com/GjvCVMydYd
– Trading 212 (@Trading212) April 14, 2023
Apart from the UK, Trading 212 has a significant presence in the European Union, where it provides services under a Cypriot entity. Post-Brexit, the UK-based trading platform has shifted about 14 percent of its customers to Cypriot-regulated trading firm 212 Markets Limited. The transfer was expected to be completed in 2022 but will be completed in 2023.
Trading 212 Group Limited, the holding company for four entities operating under the Trading 212 brand, reported total revenue of £138.7m for the 2021 financial year, a jump of 11.2 per cent. Its profit before tax that year rose by 473% to £86m. However, the group company is yet to reveal its figures for 2022.