Acetop 2023 Financial Results Posted: Revenue Up 320% and Loss Narrowed Significantly

Acetop Financial Limited, a Forex and CFDs brokerage firm authorized and regulated by the Financial Conduct Authority (FCA), recorded excellent financial results in 2023. According to the company's latest Companies House filing, the company's revenues experienced an increase of approximately 320%.

Specifically, Acetop's revenue jumped to £756,885 in 2023 from £180,808 in 2022. At the same time, the broker narrowed its losses for the year significantly to £13,151, compared to £334,640 in the previous year.

In 2023, notional trading volumes on the platform were close to $4.65 billion, up from $3 billion the previous year. Spot gold remained the focus of trading last year.

"This exponential growth can be attributed to a combination of strategic initiatives, innovative product offerings, and an adept response to the evolving financial landscape," the company noted in the Companies House filing.

However, administrative expenses in 2023 increased from £509,647 to £761,760 and operating losses decreased from £328,839 to £4,875.

At the end of 2023, Acetop had a solid balance sheet, with total assets increasing from £2.74 million in 2022 to £3.36 million. The net assets were almost flat at £1.61 million.