FXCM UK Arm Reports $2.2 Million Loss in 2025 Ahead of Business Sale

Stratos Markets Limited, the UK operating unit for forex broker FXCM, recorded a net loss of $2.24 million for 2025, widening from a $2.02 million loss the previous year. The larger deficit came despite a 40% increase in retail trading volume to $340 billion, which boosted commission revenue 73.1% to $10.82 million. However, a 28.6% surge in administrative expenses to $12.03 million and a 92.5% jump in staffing costs to $5.50 million offset these gains.

The figures highlight operational pressures on the broker preceding major corporate changes. Owner Jefferies Financial Group agreed in October to sell the unit's UK client book to Trade Nation, while AvaTrade reached a separate agreement to acquire most of FXCM Group's broader operations and brand rights. Despite the annual losses, client money held by the firm grew 24.3% to $110.34 million, and capital reserves remained well above regulatory requirements.

Investors and market observers will monitor the finalization of the asset transfer to Trade Nation, which is targeted for completion in late November. Additionally, attention turns to the group's broader infrastructure plans, which included shifting retail foreign exchange and contract-for-difference trading onto a single new platform in 2026.