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Exclusive: FINSA Europe revenues up 2.5x in 2020 as Trade Nation rebrand continues

Posted on 2021-09-01 By admin No Comments on Exclusive: FINSA Europe revenues up 2.5x in 2020 as Trade Nation rebrand continues

FNG Exclusive… FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker FINSA Europe Ltd saw a healthy 155% rise in revenues during 2020, as the company continued migrating its retail branding from Core Spreads to Trade Nation.

Revenues at FINSA Europe came in at £17.4 million for 2020, up from £6.8 million in 2019. Net profit for 2020 was £6.2 million, versus £1.3 million the previous year.

Most of the the growth in activity came from the Australasia region, which accounted for £12.7 million of the company’s £17.4 million in revenue, or 73%, versus just 55% in 2019. (Group company Finsa Pty Ltd holds an ASIC license, and has been focused “down under” on the Trade Nation brand).

As noted above, the company has decided to rebrand to Trade Nation at tradenation.com and will, over the course of the next year, move existing Core Spreads clients across to the new brand. The company has invested heavily in the Trade Nation client experience and said that it will deliver bespoke content and high levels of service underpinned by transparent and fair client charges that offer traders some of the best value to be found in the marketplace. FINSA Europe has called Trade Nation a much-improved service and user experience for retail and professional traders. It plans for product enhancement, client retention and improving the trading experience to be key differentiators for the new brand.

Whilst the growth in new client numbers and revenue last year was enhanced by increased market volatility, the company said that it remains confident that, with the launch and positioning of the new brand, growth will continue and that the company is well placed to add to the existing diverse client base.

FINSA Europe and its various brands are controlled by UK entrepreneur Jasper White, who bought control of the company (then known as The Trader Management Company Limited) in 2014. Jasper White was previously CEO of sports betting concern Gambit Research. The company has been run day-to-day by CEO Stuart Lane since 2016.

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