fxcm
AvaTrade Wants to Buy FXCM Operator, but a Crypto Exchange Is Also Showing Interest
- Finance Magnates earlier reported that Jefferies intended to sell Stratos, and now multiple sources have confirmed that AvaTrade is negotiating, but the entry of a crypto exchange might have sparked a bidding war.
- AvaTrade, however, allegedly is interested in buying the entirety of Stratos, except for its specialised affiliate based in Hong Kong that handles the accounts and servicing of Chinese and Hong Kong clients.
Monday, 22/06/2026 | 09:56 GMT by
AI Takes Center Stage in Brokers’ Layoff Narratives
- The CEOs of Tradu and eToro cited the use of AI behind recent mass layoffs.
- Other brokers have also acknowledged the use and impact of AI, but job cuts on that scale have not yet occurred at those firms.
Wednesday, 14/01/2026 | 14:45 GMT by
Arnab Shome
FXCM Australia Offered CFDs to "Medium Risk Appetite" Investors: Faces Stop Order
- ASIC issued the interim stop order against the FXCM operator for a breach of the target market determination under the design and distribution obligations.
- The broker can neither issue CFDs to retail clients nor open trading accounts for new retail clients until the stop order, with a 21-day validity, expires or is revoked.
Friday, 05/12/2025 | 05:05 GMT by
Arnab Shome
FXCM UK Swings to Turnover Surplus in 2024 Despite Client Trading Volumes Down 19%
- Stratos Markets turned a small revenue despite a 19% drop in trading volumes and 30% decline in client cash.
- During the previous year, the CFD provider started offering share trading to its clients through a third-party provider.
Wednesday, 27/08/2025 | 06:22 GMT by
Damian Chmiel
ATFX Hires FXCM's Paresh Patel as Global Head of Risk and Trading
- Patel joined from FXCM where he dedicated over 15 years serving as the Global Head of Trading.
- The company has been expanding its services globally, including launching a prop service early this year.
Thursday, 27/02/2025 | 20:09 GMT by
Jared Kirui
FXCM UK Reports Whopping Profit Decline in 2023 as Traders Activity Wanes
- 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%.
Wednesday, 16/10/2024 | 06:54 GMT by
Damian Chmiel
Exclusive: Inside FXCM’s New Sister Trading Platform
- Brendan Callan, the CEO of FXCM, said at the FMLS:23: "Tradu is particularly well-placed to offer multi-asset trading the right way."
- The new platform aims to attract a "wider audience at the top of the funnel: equities and crypto traders."
Wednesday, 22/11/2023 | 20:29 GMT by
Arnab Shome
News Nuggets | 5 October: FXCM AU Renames to Stratos, ACY Hires Ex-Economy Minister
- Also, Cboe reported September 2023 volumes; CMCC Global launched a $100 million fund; and more.
- Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 05/10/2023 | 10:51 GMT by
Finance Magnates Staff
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