Darwinex Posts Growth in Revenue, Profits Decline

Darwinex (also known as Tradeslide) released its financial report for 2021 (up to June). Darwinex saw a sharp drop in its profits from 470,000 euros in 2020 to 225,000 euros in 2021.

The company’s profits are continuing to decline. In 2019, Darwinex's profits were 683,000 euros. Although revenue increased in 2020 (+12%), it was insufficient.

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A new regulated subsidiary of TradeSlide is expected to launch in Spain. Darwinex will heavily increase its marketing budget, which may be reflected in short-term losses.

Cash stocks, ETFs and futures will be added. In addition, Darwinex is planning to expand its European presence. While the gross profit did increase in 2021, the administrative expenses grew by 26%.

In 2021, the company with Interactive Brokers secured regulations in Spain and a new B2b offering to attract independent advisors.

Darwinex Is Focusing on Retention

The company’s strategy is based on retention. As acquiring new clients may be expensive, Darwinex’s model is based on broadening the relationship with its current clients.

The amount owed to group undertakings reached 491,714 euros in 2021 compared to none in 2020.

In 2021, Darinex raised 3 million euros in a funding round. Pinorena Capital invested in Darwinex's ambitions to expand growth. The company offers online traders to build and present a verified track record of their trading history.

The firm was founded in 2012, Darwinex is fully regulated by the Financial Conduct Authority (FCA). The platform is designed for social trading and asset managers.

The company is assessing the risk of the trading strategy used by asset managers. Investors may then have a better understanding of the risks involved when choosing an asset manager.

Social trading is very popular as many individuals prefer following seasoned traders while monitoring the activity in their accounts. It is a very competitive market.