The operator of FXCM and Tradu is preparing to lay off more than 100 employees, Finance Magnates has learned, in what appears to be one of the group’s largest headcount reductions in recent years.

Multiple sources close to the company indicate that the cuts will span several functions and jurisdictions.

One of the sources suggested that the future of the Tradu brand may be under internal review.

While the CEO Brendan Callan attributed the move to advances in agentic AI, some observers note that financial results may also form part of the backdrop.

Tradu Brand Marks FXCM Multi-Asset Shift

Founded in 1999, FXCM, which is now being operated by multiple Stratos Markets entities established globally, has long been a prominent name in the retail FX and CFD sector.

The group has faced several restructuring phases over the past decade, including regulatory setbacks and ownership changes, and more recently launched the “Tradu” brand as its updated multi-asset offering.

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“Coming into 2026, FXCM and Tradu have determined our strategic priorities for the company and how we best serve our clients in the new year,” commented Callan. “These prioritisation decisions do have an impact on the make-up of the team. We, like a lot of firms, have made significant breakthroughs with the use of agentic AI tools, which provide an opportunity to streamline the company and improve our customer experience.”

“We thank all members of our team, past and present, for their massive contribution to our success,” continued Callan. “We look forward to a very exciting new year and the further expansion of our multi-asset offering. We look particularly forward to a big increase in our listed-products offering early in 2026. Tradu Invest will be announcing more details soon.“

Latest Financial Indicators Show a Mixed Picture

Latest financial indicators show a mixed picture. According to publicly filed results, FXCM’s UK entity posted a 19% year-on-year decline in client trading volumes to USD 243 billion, while client cash balances fell nearly 30%.

Despite weaker activity, turnover improved by more than 100%, though the entity still reported a net loss of roughly USD 2 million. Earlier disclosures from the broader FXCM group (Q3 2021) also showed sustained losses, underscoring the longer-term profitability pressures facing the business.

Cost Controls and Industry Context

Against this backdrop, cost controls are becoming increasingly central. Industry peers have similarly trimmed expenses as client engagement normalizes from pandemic-era highs and as compliance, technology, and acquisition costs climb.

For Tradu/FXCM, the scale of the planned layoffs suggests a structural reshaping tied not only to market conditions but also to the transition toward its newer branding and product roadmap.

Tradu’s Recent Expansion in Trading and Security

Taking a serious approach to markets, Tradu recently added features to enhance trading and security for European and UK clients. UK traders can now place spread bets directly from TradingView charts, covering more than 5,000 instruments with dynamically adjusted spreads, capped leverage of 1:30, and commission-free execution in a single workflow.

Tradu has partnered with open banking provider Salt Edge for security, PSD2 compliance, and streamline authentication, reducing delays and supporting fraud prevention in account funding and trading activities.

The platform also launched spread betting for UK investors, offering leveraged, tax-efficient trading without owning underlying assets. The Spread Tracker tool helps clients monitor positions and risks, while easy fund transfers between accounts support switching between leveraged trading and stock investments.