FCA licensed Retail FX and CFDs broker LandFX has filed its financial results for 2022, indicating an increase in activity and profitability, but still on a very small scale.

Revenues at LandFX UK Limited, which operates the Land-FX brand at website land-fx.co.uk, increased by 16% in 2022 to £824,000, up from £712,000 in 2021. Net profit came in at £47,000 for the year, versus £14,000 the previous year.

During the year, the company said it has primarily focused on servicing its existing client base and improving profitability.

London based Land-FX, which focuses mainly on servicing Asian traders, was established in 2016 by Korean-American entrepreneur Jinsoo (Sean) Park, who had previously resided in Silicon Valley and run a VC-backed mobile games developer called Ender’s Fund. Mr. Park had also been CEO of a stock trading simulation website called Zoodak.