FNG Exclusive… FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker Trade Nation Financial UK Ltd has seen a healthy improvement on both the top and bottom line in 2024 (fiscal year ended November 30).

Following a disappointing 2023 at Trade Nation, for the 12 months ended November 30, 2024, Trade Nation brought in a record £21.7 million in Revenues, up by 62% from £13.4 million in the previous year. The company’s 2023 Net Loss of £2.2 million turned into a tidy Profit of £1.0 million in 2024.

Client funds held by Trade Nation doubled to £8.8 million as at year-end 2024, from £4.4 million in 2023.

Trade Nation Financial UK Ltd used to be known as Finsa Europe Ltd, with the company’s renaming happening in early 2022. The group’s main retail brokerage brand was also changed in a major rebrand, from Core Spreads to Trade Nation and website tradenation.com.

Following the end of the 2024 fiscal year, longtime Trade Nation CEO Stuart Lane stepped down from his role and from the Trade Nation board, and was replaced by Jon Noble. Jon was a longtime IG Group executive, who served as IG Group COO until leaving in 2024, and also as Chair of IG’s Swiss arm IG Bank SA.

Back to 2024 results, management notes that the company continues to grow the number of individual clients and has been successful in acquiring new business at costs that remain commercial. The company’s focus is to grow its own brand, Trade Nation, and to further enhance the customer experience to increase retention rates and encourage continued brand loyalty. 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 2024, other related entities operating in different jurisdictions, which are supported by the company, continued to see growth in customer numbers.

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 2024. The business remains optimistic about the future and will continue to invest in new opportunities as they arise.

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 2024 income statement and balance sheet follow: