Trade Capital UK Ltd (TCUK), the operator of TRADE.com, has reported robust financial results, highlighted by significant year-on-year growth in revenue, profit and asset value.

According to the financial report filed with the UK Registration Office, TCUK generated revenue of £892,377 in 2023, an 18% increase from £759,000 in 2022. The company also reported a net profit of £218,325, up 55% from the £141,000 reported in the previous year. This growth highlights the company's effective operating strategies and its strong market position in the competitive UK financial services sector.

Trade Capital UK Ltd, operating under the TRADE.com brand, specializes in providing investment services for contracts for difference (CFDs) and spread betting. The company fulfills client orders on a principal matching basis, meaning it does not engage in portfolio management or investment advisory services. Instead, TCUK focuses on providing regulated products and services through its websites, primarily serving affluent UK clients.

The company's key performance indicators (KPIs) include the number of new accounts opened, trading volumes and overall profitability. These metrics are critical to assessing and monitoring the health and performance of the business. TCUK's operations have grown significantly since receiving FCA authorization in 2017, particularly after receiving a Variation of Permission (VoP) to hold client funds and act as an agreed prime broker under the IFPRU 125K license. The firm is currently operating under the MIFIDPRU TP 2 interim transitional provisions with an alternative capital requirement of £190,000 for 2024.

Trade Capital UK Ltd offers a wide range of financial instruments through its electronic platforms, including CFDs, Spread Betting instruments, non-marginal equities, options, futures, spot forex, bonds and funds. The firm's quotes are provided by Finalto Financial Services Ltd, an FCA-regulated organization that provides a reliable and transparent trading environment for its clients.

The firm received FCA approval to amend its authorization at the end of September 2019 and began operating under its enhanced authorization in mid-October 2019. Since then, TCUK has focused on expanding its client base, particularly amongst affluent UK clients, resulting in sustained revenue growth and improved profitability.

The company's senior management expects to continue to grow operations and revenues at a similar pace through 2024. The TRADE.com brand and Trade Capital UK Ltd are controlled by Mark Lauterstein, who has played a key role in helping the company achieve its current success.

The company's 2023 financial report highlights its strong performance and its growing market presence, leading to expectations of further growth in the coming years.