FCA licensed FX, CFDs, and spreadbetting broker FINSA Europe Ltd has filed paperwork changing its corporate name to Trade Nation Financial UK Ltd. The corporate name change appears to be in lockstep with the group’s rebranding of its retail operations, from Core Spreads to Trade Nation.
As we exclusively reported at the end of 2020, FINSA decided to rebrand its retail branding from Core Spreads to Trade Nation at website tradenation.com, although its corespreads.com site is still operational. 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. The group 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.
In its most recently reported financial report for 2020, Trade Nation / FINSA Europe reported Revenues of £17.4 million, up more than 2.5x from £6.8 million in 2019. Net profit for 2020 was £6.2 million, versus £1.3 million the previous year.
Trade Nation / 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.