<p>INFINOX, a global <a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__main-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> and CFD broker,
has provided some insights into its 2022 performance, reporting a 215%
year-over-year (YoY) growth in new accounts or new users in 2022. The broker
attributed the growth to boost in its business across the Latin America, Asia,
Middle East and North Africa, Africa and Southeast Asia regions.</p><p>INFINOX in a statement released on
Thursday said the growth is the product of its “streamlined approach” to client
onboarding which simplified the process of opening, verifying
and trading with an account for its clients.</p><p>INFINOX’s FTDs Skyrockets over 200% in
Latin America</p><p>Giving more details, INFINOX reported a
big boost in first time deposits (FTDs). The biggest growth emerged from Latin America
where FTDs shot up over 200% and is followed by Asia with FTDs jumped by 112%. In addition, the broker noted that customer download of IX Social, its social copy
trading app, <a href=”https://www.financemagnates.com/forex/infinox-reports-75-growth-in-ix-social-accounts/” target=”_blank” rel=”follow”>doubled by 120% in 2022</a>. Narrowed down to a specific region, the highest number of IX Social downloads emerged from Asia where the figure surged by 237% last year.</p><p>“We are now looking to build on these
advances as we focus on a more regionalized strategy for the year ahead,” Robert Berkeley, INFINOX’s Founder and CEO, said in the statement. The brokerage firm emphasized that it plans to further strengthen its presence in the Latin America and Asian markets.</p><p> INFINOX Capital Doubles 2022 Revenue</p><p>Meanwhile, INFINOX Capital in its
published full-year results for its operations in the United Kingdom for the
fiscal year 2022 <a href=”https://www.financemagnates.com/forex/brokers/infinox-capital-doubles-fy22-revenue-as-prime-services-demand-rises/” target=”_blank” rel=”follow”>posted a 105% growth in
revenue</a> which came in at over £17 million. The brokerage group’s revenue in this market has
been on an upward trend, rising from £8.3 million to £10.16 million during <a href=”https://www.financemagnates.com/forex/brokers/infinox-capital-turns-profitable-in-fy2020-with-solid-revenue-jump/” target=”_blank” rel=”follow”>the last two fiscal years</a>.</p><p>Finance Magnates reports that INFINOX
Capital also generated a gross profit of £8.5 million during fiscal
year 2022, which ended on March 31 last year. The number represents a 22% jump in gross profit from the prior year’s
£6.6 million.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
