FCA regulated Tradeslide Trading Tech Ltd, which operates under the Darwinex brokerage brand, has released its financial results for 2023 indicating 10% growth on the top line, as the company remained marginally profitable.
Revenues at Tradeslide came in at €7.0 million in 2023, versus €6.4 million in 2022 (annualized from Tradeslide’s 18 month results report to December 31, 2022). Tradeslide turned a profit of €582K in 2023, versus €251K the previous year.
The principal activity of Tradeslide is the provision of brokerage and investment management services, using proprietary technology to connect traders with investors in financial markets. The company envisions transforming into a multi-asset broker, and it has invested heavily to add new asset classes like spot stocks and futures. That said, it will take time for these investments to bear fruit.
Tradeslide stated that its partnership agreement with IBKR was implemented following the integration of its back-end technology, enabling the company to broaden its customer base in the wake of this alliance.
Tradeslide / Darwinex shareholders include brothers and co-founders Juan Colon (CEO) and Javier Colon, as well as Tickmill and The Trading Pit founder Illimar Mattus, via his Estonia based investment company Pinorena Capital.
Tradeslide Trading Tech Ltd’s 2023 income statement and balance sheet follow below.
