Trading Provider Infinox Maintains Healthy Revenues despite Industry Challenges

<p>The online trading provider INFINOX Capital
Ltd (UK),the FCA regulated firm generated UK
revenue of £15.7m, its company results reveal.</p><p>The business continues to reevaluate its
product offering during 2023/24 period and has
made the decision to concentrate on its core offering – MT4 and MT5 as part of
the IXO Prime brand which offers liquidity and institutional services to
brokers, money managers, professional clients, and Fintech companies. </p><p>Founded in 2009 and headquartered in the
City of London, INFINOX Capital Ltd enables sophisticated investors to trade a
full range of asset classes, from forex to equities and commodities.</p><p>The company, which is regulated by the
Financial Conduct Authority, has adapted well to the challenging and
significant market moves the industry has seen consolidating the business
operations and working within an efficient model with a strong product offering.</p><p>Jay Mawji, Managing
Director of <a href="https://www.infinox.co.uk/" target="_blank" rel="nofollow">INFINOX Capital</a>, said: </p><p> "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 KPI's are in line with a healthy model, and we expect that the
business will continue to be profitable, as has always been the case”.</p><p>“Across the INFINOX brand, in 2022, we posted
record KPIs in all of our metrics, including record volume traded, deposits,
funds under management and a record revenue year.” </p><p>“The Brand undertook a well-timed restructure in 2023 to
drive for further efficiencies across the business, focusing on our core
business model. We are well placed with our offering across our IX Partners, IX Social and IXO Prime products. 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”.</p><p>About INFINOX</p><p><a href="https://www.infinox.co.uk/" target="_blank" rel="nofollow">INFINOX Capital
Ltd</a> is a global, online trading platform based in the City of
London. Authorised and regulated by the Financial Conduct Authority, it enables
professional clients and institutional business across the UK, and beyond, to
trade and access solutions across a full range of asset classes, from forex to
equities and commodities.</p><p>Its business is
built on integrity and trust, and it offers clients access to a range of market
intelligence tools as well as dynamic products, competitive trading parameters
and premium, one-on-one customer service.</p>

This article was written by FM Contributors at www.financemagnates.com.