INFINOX's Revenues Reach Record $130 Million in FY 2023

London-based CFD broker INFINOX has reported strong results for the 2023 fiscal year (ended March 31), achieving record revenues of $130 million during the period.

The INFINOX brand also achieved record levels of Key Performance Indicators (KPIs) globally, including record trading volumes, deposits, and client accounts.

In addition, INFINOX Capital Ltd (UK), the INFINOX Group's licensed unit in the United Kingdom, maintained a stable financial performance during the fiscal year. The entity generated revenues of £15.7 million, down slightly from £17.1 million in fiscal year 2022.

"Like many firms in our industry, the commercial environment in the UK remains challenging. The company operates on an efficient model with a strong product offering. Our KPIs are in line with a healthy model, and we expect that the business will continue to be profitable, as has always been the case," commented Jay Mawji, Managing Director of INFINOX Capital. 

"Investments have been made in our vertical and horizontal structures, with a series of new products, partnerships, and acquisitions to be announced and delivered in 2024," he added. 

As reported Last week, INFINOX has expanded its payment options with the addition of Electronic Money Institutions (EMIs), providing clients with a secure, convenient, and globally accessible alternative to traditional bank transfers.