The company reports strong 2023 results driven by expansion and product innovation.
Revenues increased 10% on a quarterly and 21% on a yearly basis.
Tiger Brokers
UP Fintech
Holding Limited (NASDAQ: TIGR), the Tiger Brokers trading brand operator, has announced its unaudited financial results
for Q4 and the full year 2023. The company reported total revenues of $70 million
in Q4, an increase of 9.6% year-over-year (YoY), and $272.5 million for the full
year, an uptick of 20.9% from 2022.
UP Fintech Reports Q4 and
Full Year 2023 Results
In addition
to high revenues, trading volumes and the number of customer accounts also
grew. Although the company did not achieve profitability in the fourth
quarter, it reported a net income of $32.6 million for the entire year of 2023,
compared to a loss of $2.2 million the year before.
"In
2023, our topline mix benefited from our strategy execution on
internationalization and the high-interest rate environment," Wu Tianhua, the
Chairman and CEO of UP Fintech, commented.
The adjusted net income for UP Fintech's ordinary shareholders, which removes the effects of share-based compensation and impairment losses on long-term investments, reached $42.7 million, up from $12.7 million in adjusted net income in 2022. The adjusted net income per American Depositary Share (ADS) on a diluted basis was $0.270, compared to $0.082 per ADS in 2022.
Source: UP Fintech
This confirms the company's strong results in the third quarter of last year, when it added over 24,000 customers and had a net profit 300% higher than in Q3 2022.
Strong Growth in New
Funded Accounts and Total Account Balance
UP Fintech
added 39,034 new funded accounts in Q4, an improvement of 58.6% quarter-over-quarter
(QoQ) and 42.8% YoY. The total number of funded accounts reached 904,600 by the
end of 2023, an increase of 15.8% compared to 2022.
"In the fourth quarter, we added 39,034 new funded accounts, an increase of 58.6% quarter over quarter and 42.8% year over year, bringing our yearly total to 123,110, exceeding our yearly guidance of 100,000," added Tianhua.
The company
also saw a record $8.2 billion net asset inflow in Q4, combined with $3.5
billion mark to market gain, leading to an elevation of 62.1% QoQ and 118.5% YoY in
total account balance to $30.6 billion.
In its
Corporate business, UP Fintech underwrote a total of 9 US. and Hong Kong IPOs
in Q4, bringing the total number of IPOs underwritten for the year to 28. The
company's Employee Stock Option Plan (ESOP) business additionally saw growth, adding 30
new clients in Q4 and serving a total of 535 ESOP clients.
This week, Tiger Brokers announced a new collaboration with the Australian media fintech Grafa, enabling investors utilizing the Tiger Trade app to gain near-real-time insights into the companies they invest in.
UP Fintech
Holding Limited (NASDAQ: TIGR), the Tiger Brokers trading brand operator, has announced its unaudited financial results
for Q4 and the full year 2023. The company reported total revenues of $70 million
in Q4, an increase of 9.6% year-over-year (YoY), and $272.5 million for the full
year, an uptick of 20.9% from 2022.
UP Fintech Reports Q4 and
Full Year 2023 Results
In addition
to high revenues, trading volumes and the number of customer accounts also
grew. Although the company did not achieve profitability in the fourth
quarter, it reported a net income of $32.6 million for the entire year of 2023,
compared to a loss of $2.2 million the year before.
"In
2023, our topline mix benefited from our strategy execution on
internationalization and the high-interest rate environment," Wu Tianhua, the
Chairman and CEO of UP Fintech, commented.
The adjusted net income for UP Fintech's ordinary shareholders, which removes the effects of share-based compensation and impairment losses on long-term investments, reached $42.7 million, up from $12.7 million in adjusted net income in 2022. The adjusted net income per American Depositary Share (ADS) on a diluted basis was $0.270, compared to $0.082 per ADS in 2022.
Source: UP Fintech
This confirms the company's strong results in the third quarter of last year, when it added over 24,000 customers and had a net profit 300% higher than in Q3 2022.
Strong Growth in New
Funded Accounts and Total Account Balance
UP Fintech
added 39,034 new funded accounts in Q4, an improvement of 58.6% quarter-over-quarter
(QoQ) and 42.8% YoY. The total number of funded accounts reached 904,600 by the
end of 2023, an increase of 15.8% compared to 2022.
"In the fourth quarter, we added 39,034 new funded accounts, an increase of 58.6% quarter over quarter and 42.8% year over year, bringing our yearly total to 123,110, exceeding our yearly guidance of 100,000," added Tianhua.
The company
also saw a record $8.2 billion net asset inflow in Q4, combined with $3.5
billion mark to market gain, leading to an elevation of 62.1% QoQ and 118.5% YoY in
total account balance to $30.6 billion.
In its
Corporate business, UP Fintech underwrote a total of 9 US. and Hong Kong IPOs
in Q4, bringing the total number of IPOs underwritten for the year to 28. The
company's Employee Stock Option Plan (ESOP) business additionally saw growth, adding 30
new clients in Q4 and serving a total of 535 ESOP clients.
This week, Tiger Brokers announced a new collaboration with the Australian media fintech Grafa, enabling investors utilizing the Tiger Trade app to gain near-real-time insights into the companies they invest in.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
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▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
