Trade Capital UK's (Trade.com) Revenue Increases 114% in 2021

In addition, the corporation reduced its losses by 72%.

It began operations in mid-October of 2019.

Trade Capital UK (TCUK), trading as Trade.com, announced a 114 percent rise in yearly revenue for the fiscal year 2021, which concluded on December 31. The absolute amount was £240,009, up from £112,213 the previous year.

It has drastically reduced its losses, from £255,545 in FY2020 to £71,861 last year. This represented a 72 percent decrease in losses year over year.

It was the second full-year performance report of the firm, which offers investing services via contracts for difference (CFDs) and spread betting.

In addition to providing execution-only services and executing client orders on a matched principal basis, the platform acts as an introducing broker to Interactive Brokers UK, providing market access to non-margined stocks, operations, futures, and a few other products.

The firm was founded in the United Kingdom in 2014 and acquired its FCA license in January 2017, but it was only granted a VoP at the end of September 2019. It began operations in mid-October of 2019.

“In 2020/2021, the Company's activities were in their early phases as a result of the FCA's license for Variation of Permission (VoP) to keep customers' assets and function as a matched main broker... ”More precise comparable data and performance figures will be available in following years, according to the Companies House statement.

Aside from the UK license, the firm also has a Cypriot license. It also has many offices around Europe.

According to the most recent Companies House report, the company's total assets at the end of the fiscal year were £348,953, up from £698,597 the previous year. The net assets increased to £215,898 in 2020, up from £287,759 in 2020.

About Trade.com

Trade.com is a leading broker for online currency and CFD trading, offering hundreds of trading instruments (Forex, equities, commodities, and indices), cutting-edge MT4 and WebTrader platforms, and high-quality customer support 24 hours a day, 7 days a week through email, phone, and live chat. Traders will also benefit from competitive spreads and up to 30:1 leverage (1:300 only for professional clients). Beginners will like the extensive instructional library, which includes videos, eBooks, and webinars, as well as a free $10,000 practice account.

CFDs are complicated products that carry a significant risk of losing money quickly owing to leverage. When trading CFDs with this supplier, 72.60% of retail investor accounts lose money. You should think about whether you understand how CFDs operate and if you can afford to lose your money.

Trade.com Regulation

TRADE.COM is a registered trademark of Trade Capital Markets (TCM) Ltd., Trade Capital UK (TCUK) Ltd., and Lead Capital Global Ltd. Trade Capital Markets (TCM) Ltd. is approved and regulated in Cyprus by the Cyprus Securities and Exchange Commission (license number 227/14), and by the Financial Sector Conduct Authority in South Africa (FSP number 47857). The Financial Conduct Authority authorizes and regulates Trade Capital UK (TCUK) Ltd. in the United Kingdom (Firm Reference Number 738538). The Financial Services Commission of Mauritius has approved and regulated Lead Capital Global Ltd. in Mauritius (license number C119023948).

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The Financial Conduct Authority considers it authorized and regulated. Consumer safeguards may vary from those provided by corporations established in the United Kingdom. The Financial Services Contracts Regime, which permits EEA-based businesses to operate in the UK for a short time to carry out activities required for the fulfillment of pre-existing contracts, is detailed on the Financial Conduct Authority's website. CASS TP firm Disclosure: Please read our Terms and Conditions and ICF Policy for information on how your money will be handled in the case of the company's collapse (applicable to UK clients).

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