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 increase in both Revenues and Profits in 2022, following what was a very disappointing and loss-producing 2021 at Trade Nation.

For the 12 months ended November 30, 2022, Trade Nation brought in £14.1 million in Revenues, up by 42% from £9.9 million in the previous year. The company’s 2021 net loss of £297K turned into a net profit of £1.2 million in 2022. We would note, however, that the company still remains well below the pace it was on in 2020, when Trade Nation posted Revenues of £17.4 million and net profit of £6.2 million.

Client funds held by Trade Nation rose to £3.5 million as at year-end 2022, from £3.2 million in 2021.

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.

Management notes that the company’s focus is to grow its own brand, Trade Nation, building on the successes of its previous brand Core Spreads, and to further enhance the customer experience to increase retention rates and encourage continued brand loyalty. Increased competition in the UK retail market has resulted in reduced turnover under its FCA license, but it remains a key operational jurisdiction for the business and investment and development of the UK entity will continue throughout the coming year. Trade Nation noted that other related Group entities operating in different jurisdictions, which are supported by the company, continued to see strong growth in both customer numbers and revenue.

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. The company has been run day-to-day by CEO Stuart Lane since 2016.

Earlier this year the Trade Nation group added a Seychelles licensed entity, and signed on as a sleeve sponsor of EPL club Aston Villa FC.

Trade Nation’s 2022 income statement and balance sheet follow: