Trade Capital UK (Trade.com) Sees 114% Revenue Jump in 2021

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Trade Capital UK (Trade.com) Sees 114% Revenue Jump in 2021

<p>Trade Capital UK (TCUK), which is known by its trade name Trade.com, reported a 114 percent increase in its annual revenue for the financial year 2021, which ended on 31 December. The absolute number came in at £240,009 compared to £112,213 in the previous year.</p><p>In addition, it narrowed its losses significantly, from £255,545 in FY2020 to £71,861 last year. That was a year-over-year reduction of losses by 72 percent.</p><p>A Versatile Broker</p><p>Previously known as Livemarkets, it was the <a href="https://www.financemagnates.com/forex/brokers/livemarkets-generates-112k-revenue-in-the-first-operational-year/" target="_blank">second full-year performance</a> report of the company that provides investment services with contracts for difference (CFDs) and spread betting. </p><p>Apart from execution-only services and executing client orders on a matched principal basis, the platform operates as an introducing broker to Interactive Brokers UK, offering market access to non-margined stocks, operations, futures and a few other instruments.</p><p>The company was incorporated in 2014 in the UK and received its FCA license in January 2017 but was granted the approval for a VoP at the end of September 2019. It started operations in mid-October 2019.</p><p>"In 2020/2021 the Company's operations were at the initial stages following the authorization granted by the FCA for Variation of Permission (VoP) to hold clients' funds and act as a matched principal broker... [Despite the latest performance] more accurate comparative figure and performance figures will be available in subsequent years," the Companies House filing stated.</p><p>In addition to the UK license, the company <a href="https://www.financemagnates.com/forex/brokers/exclusive-trade-com-expands-becomes-multi-asset-broker/" target="_blank">holds a Cypriot license</a>. On top of that, it is operating in Europe from <a href="https://www.financemagnates.com/forex/brokers/trade-com-opens-new-office-in-barcelona/" target="_blank">multiple offices</a>.</p><p>Furthermore, the latest Companies House filing elaborated that the total assets of the company at the end of the financial year came in at £348,953 compared to the previous year's £698,597. The net assets came stood at £215,898 from £287,759 in 2020.</p>

This article was written by Arnab Shome at www.financemagnates.com.

Source: Trade Capital UK (Trade.com) Sees 114% Revenue Jump in 2021