London based Retail FX and CFDs broker Fortrade Limited has released its financial results for 2023, indicating that the company saw a decline on the top line for the first time in four years, although profits were able to keep up.
Revenues at Fortrade came in at £19.8 million in 2023 following an all-time best of £32.3 million in 2022, i.e. down 39% YoY. Net profit for the year was £1.0 million, up 27% from £824K the previous year.
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