Stratos Markets Limited showed a net loss for 2023, a stark contrast to the previous year's profit.
The company attributed the slump to decreased market volatility, with retail trading volumes down 37.6%.
An FXCM logo in an office space
Stratos
Markets Limited, operating under the FXCM UK brand, reported a significant net
loss for the fiscal year 2023, exceeding 350%. According to the FX/CFD brokers,
it reflects a challenging period characterized by reduced market volatility and
strategic changes within the company’s structure.
FXCM UK Reports a Net Loss
of $2.5 Million for 2023
The FXCM UK’s
turnover dropped by 115.7% year-over-year, resulting in a $1.7 million loss.
Profit on ordinary activities before taxation experienced an even sharper
decline, falling by 389.5% to a loss of $2.2 million. The final net loss
amounted to over $2.5 million, compared to the $860,500 profit reported the
previous year (-350%).
Retail
trading volumes, a key metric for the company's performance, decreased by 37.6%
in 2023.
“Volatility
is important for the Company, being highly correlated to trading activity in
the markets,” Stratos commented in the financial report. “For 2023 volatility
was lower than in 2022. The VIX average, a measure of volatility, varied
between 16.34 and 38.93 in 2022 and decreased in 2023 to 12.10 in December
2023, the lowest the index has been since late 2019.”
Source: FXCM UK/Companies House
A year ago,
the UK branch of FXCM operated under the name Forex Capital Markets Limited,
but on September 10, 2023, it
was renamed Stratos Markets Limited. This occurred shortly after FXCM's
Cyprus-based company, FXCM EU Ltd, underwent a name change to Stratos Europe
Ltd, as part of a broader group strategy aimed at rebranding its European
subsidiaries. However, this does not mean that FXCM will change its trading
brand to Stratos.
"The
name change to Stratos is part of a restructuring of the firm to give us more
flexibility. FXCM will continue to operate as a subsidiary of Stratos, similar
to how Google operates under Alphabet Inc.," the FXCM's spokesperson
commented in an e-mail response to Finance Magnates a year ago.
Despite the
challenging year, FXCM UK maintained a solid capital position. Client cash held
stood at $125.7 million, down 11.6% from the previous year, while capital
resources slightly decreased to $62.9 million from $64.4 million in 2022.
According
to the newest financial report, Strators navigated through several external
challenges, including the collapse of three US banks in March 2023. The company
reported that it successfully withdrew most of its funds from Signature Bank
before its closure, with only a small amount remaining within FDIC insurance
limits.
Stratos
Markets Limited, operating under the FXCM UK brand, reported a significant net
loss for the fiscal year 2023, exceeding 350%. According to the FX/CFD brokers,
it reflects a challenging period characterized by reduced market volatility and
strategic changes within the company’s structure.
FXCM UK Reports a Net Loss
of $2.5 Million for 2023
The FXCM UK’s
turnover dropped by 115.7% year-over-year, resulting in a $1.7 million loss.
Profit on ordinary activities before taxation experienced an even sharper
decline, falling by 389.5% to a loss of $2.2 million. The final net loss
amounted to over $2.5 million, compared to the $860,500 profit reported the
previous year (-350%).
Retail
trading volumes, a key metric for the company's performance, decreased by 37.6%
in 2023.
“Volatility
is important for the Company, being highly correlated to trading activity in
the markets,” Stratos commented in the financial report. “For 2023 volatility
was lower than in 2022. The VIX average, a measure of volatility, varied
between 16.34 and 38.93 in 2022 and decreased in 2023 to 12.10 in December
2023, the lowest the index has been since late 2019.”
Source: FXCM UK/Companies House
A year ago,
the UK branch of FXCM operated under the name Forex Capital Markets Limited,
but on September 10, 2023, it
was renamed Stratos Markets Limited. This occurred shortly after FXCM's
Cyprus-based company, FXCM EU Ltd, underwent a name change to Stratos Europe
Ltd, as part of a broader group strategy aimed at rebranding its European
subsidiaries. However, this does not mean that FXCM will change its trading
brand to Stratos.
"The
name change to Stratos is part of a restructuring of the firm to give us more
flexibility. FXCM will continue to operate as a subsidiary of Stratos, similar
to how Google operates under Alphabet Inc.," the FXCM's spokesperson
commented in an e-mail response to Finance Magnates a year ago.
Despite the
challenging year, FXCM UK maintained a solid capital position. Client cash held
stood at $125.7 million, down 11.6% from the previous year, while capital
resources slightly decreased to $62.9 million from $64.4 million in 2022.
According
to the newest financial report, Strators navigated through several external
challenges, including the collapse of three US banks in March 2023. The company
reported that it successfully withdrew most of its funds from Signature Bank
before its closure, with only a small amount remaining within FDIC insurance
limits.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Retail Trading & Prop Firms in 2025: Five Defining Trends - And One Prediction for 2026
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
