IronFX UK Doubles Revenue to $1.4 Million in 2024, Net Profit Slips Slightly

By: finance magnates|2025/05/07 00:30:04
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Notesco UK Limited, which operates the brokerage brandIronFX in the United Kingdom, has released its financial results for the yearended 31 December 2024. The company reported a significant increase in revenueduring the period. Revenue Doubles, Administrative Expenses Surge Revenue rose to $1.44 million in 2024, more than double the$702K reported in 2023. Gross profit was equal to revenue, as no cost of saleswas recorded. Administrative expenses increased sharply to $1.28 million,up from $544K in the previous year. Despite the rise in expenses, operatingprofit remained positive at $163K in 2024, slightly higher than the $157Kreported in 2023. Income tax expense rose to $38K, compared to $31K in theprior year. As a result, net profit for 2024 was $124K, a marginal decreasefrom the $125K reported in 2023. Notesco UK Limited, which operates the brokerage brandIronFX in the United Kingdom, has released its financial results for the yearended 31 December 2024. The company reported a significant increase in revenueduring the period. Revenue Doubles, Administrative Expenses Surge Revenue rose to $1.44 million in 2024, more than double the$702K reported in 2023. Gross profit was equal to revenue, as no cost of saleswas recorded. Administrative expenses increased sharply to $1.28 million,up from $544K in the previous year. Despite the rise in expenses, operatingprofit remained positive at $163K in 2024, slightly higher than the $157Kreported in 2023. Income tax expense rose to $38K, compared to $31K in theprior year. As a result, net profit for 2024 was $124K, a marginal decreasefrom the $125K reported in 2023.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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