FNG Exclusive… Following a healthy 62% rise in its revenue base in 2024, FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker Trade Nation Financial UK Ltd has seen continued (but slower) growth in 2025 (fiscal year ended November 30).

Trade Nation 2025 results

Trade Nation brought in a record £25.3 million (USD $33 million) in Revenues in 2025, up by 17% from £21.7 million in the previous year. The company’s 2024 Net Profit of £1.0 million increased handsomely in 2025 to £3.8 million.

Client funds held by Trade Nation actually declined slightly in 2025 after doubling the previous year, totaling £8.5 million at year-end (2024: £8.7 million).

Management changes

In 2025 Jon Noble, former COO of IG Group, became CEO of Trade Nation. The company also onboarded former IG Group executive, and former Capital.com CEO, Kypros Zoumidou, as Managing Director. Trade Nation has continued since on something of a hiring spree, adding Wirex executive Philippe Capelle as CMO, Finalto alum Luis dos Santos as CEO Portugal, and former IG executive Emma Mensah as Head of Customer Success, among other hires.

Results explanation

Back to the 2025 results, Trade Nation indicated that the UK retail market resulted in an increased turnover under its FCA license and continues to be a key operational jurisdiction for the business. Overall turnover including management charges increased in 2025, other related entities operating in different jurisdictions, which are supported by the company, continued to see growth in customer numbers. The income derived from overseas is in relation to group management charges which are not regulated by the FCA.

The investment and development of the UK entity, in particular a steady increase in staff headcount, client numbers and trading levels has resulted in an overall net profit in 2025. The company remains optimistic about the future and will continue to invest in new opportunities as they arise.

About Trade Nation

Trade Nation and its various brands are controlled by UK entrepreneur Jasper White, who bought control of the company (then known as The Trader Management Company Limited) in 2014. Jasper White was previously CEO of sports betting concern Gambit Research. Trade Nation acts as a sleeve sponsor of EPL club Aston Villa FC.

Trade Nation’s 2025 income statement and balance sheet follow: