TradeSlide's (Darwinex) financial report for 2021 has been released.
Darwinex administrative costs jumped by +26%.
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 companyβs
profits are continuing to decline. In 2019, Darwinex's profits were 683,000 euros. Although
revenue increased in 2020 (+12%), it was insufficient.
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 companyβs
strategy is based on retention. As acquiring new clients may be expensive, Darwinexβs
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.
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 companyβs
profits are continuing to decline. In 2019, Darwinex's profits were 683,000 euros. Although
revenue increased in 2020 (+12%), it was insufficient.
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 companyβs
strategy is based on retention. As acquiring new clients may be expensive, Darwinexβs
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.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
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