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Brokers

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

Retail FX

FXCM Enhances KYC Efficiency by 29% through AU10TIX Collaboration

The broker has switched its KYC system from manual to automatic.
AU10TIX's technology significantly reduced the time and increased the level of approvals.

Wednesday, 03/04/2024 | 12:00 GMT by Damian Chmiel

Executives

CFD Broker Skilling's CEO Michael Kamerman Steps Down

Before joining Skilling, Kamerman worked at FXCM for 15 years.
Skilling, founded in 2016, operates in Cyprus under a license issued by CySEC.

Friday, 08/03/2024 | 15:35 GMT by Jared Kirui

Retail FX

FXCM's Sister Tradu Taps Crossover’s Crypto ECN Ahead of Launch

Tradu is a sister brand of FXCM and will first launch its services later this month.
The new broker will offer a range of assets, including cryptocurrencies and CFDs.

Thursday, 14/12/2023 | 08:00 GMT by Arnab Shome

Retail FX

FXCM's New Sister Trading Platform Welcomes Vice President and CFO

Bobby Nachev is the new Vice President at Tradu.
Maryke Faulkner has assumed the role of the Group Chief Finance Officer.

Thursday, 23/11/2023 | 21:17 GMT by Jared Kirui

Retail FX

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

Retail FX

FXCM UK Reports 11.2% Revenue Dip, but Profits Surge in 2022

The company generated a revenue of $10.74 million.
Trading volume jumped 3.2 percent to $482 billion.

Monday, 09/10/2023 | 07:35 GMT by Arnab Shome

Retail FX

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

Retail FX

FXCM’s UK and Cyprus Subsidiaries Undergo Name Change to Stratos

Yesterday, FXCM UK officially changed its name to Stratos Markets.
In the meantime, the Cypriot branch had changed its name to Stratos Europe.

Monday, 11/09/2023 | 07:47 GMT by Damian Chmiel

Retail FX

FXCM Pro Streams Liquidity to TFB Clients for MetaTrader

FXCM Pro partners with TFB to enhance liquidity and trading execution.
The company will stream liquidity to TFB clients for MT4 and MT5 via FIX API.

Tuesday, 05/09/2023 | 09:04 GMT by Damian Chmiel

Institutional FX

Jefferies Mulls Recovering Investments in FXCM: SEC Filing

Jefferies plans to recover a loan extended to FXCM, a company partly owned by Global Brokerage.
Global Brokerage's subsidiary is facing an involuntary bankruptcy petition.

Monday, 10/07/2023 | 09:32 GMT by Jared Kirui

Institutional FX

FXCM Pro Enhances Offering with Your Bourse Partnership

Our clients will now be able to connect to FXCM via Your Bourse’s FIX API server.
FXCM Pro will distribute its institutional liquidity directly to Your Bourse clients.

Wednesday, 07/06/2023 | 10:47 GMT by Arnab Shome

Retail FX

Exclusive: FXCM Eyes Expansion, Unveils Two New Platforms

However, FXCM said the new web-based platform is still in its "early beta phase."
Meanwhile, Jefferies' max exposure to FXCM declined during the firm's last quarter.

Tuesday, 11/04/2023 | 16:10 GMT by Solomon Oladipupo

Retail FX

Jefferies Looked at $82.8M Max Loss Exposure from FXCM Investment

Jefferies had $46.7 million in equity interests in FXCM at the end of the last quarter.
It reduced the loss exposure over the quarters.

Tuesday, 11/04/2023 | 09:30 GMT by Arnab Shome

Op-ed

Retail FX

Op-ed

The Hunt for the Perfect FX Platform

Retail traders are price-sensitive but realise execution costs are not everything.
Copy trading loses its appeal.

Tuesday, 28/03/2023 | 13:54 GMT by Paul Golden

Executives

FXCM Taps Thomas Felber to Lead Product's Team

Felber Joins FXCM from Smart Valor.
FXCM's new Product Director has an extensive IT background.

Monday, 20/02/2023 | 14:09 GMT by Damian Chmiel

Retail FX

After 6 Years Global Brokerage Settles for $6.5m in Class Action

Global Brokerage's case against its former investors began in 2017.
After six years, the brokerage decided to settle for 37% of the potential damage suffered by traders.

Monday, 06/02/2023 | 12:06 GMT by Damian Chmiel

Executives

FXCM CIO, Ryan Leonard, Departs After 18 Years

Leonard started his professional career at FXCM.
Now he wants to try his hand at independent consulting.

Wednesday, 18/01/2023 | 10:18 GMT by Damian Chmiel

Executives

OANDA Onboards FXCM’s Jessica Beckstead as MD, North America; CEO, US

Beckstead left FXCM after 18 years to take up the role.
She was previously FXCM’s MD of Global Head of Sales & Customer Success, and the CEO of Australia.

Monday, 12/09/2022 | 18:58 GMT by Solomon Oladipupo

Brokers

Global Brokerage’s Net Revenue Surges 22% to $37.8 Million in Q2 2022

The company recorded $31.1 million in net revenue during Q1 2022.
Global Brokerage posted a big collapse in net loss during the past quarter.

Friday, 12/08/2022 | 22:33 GMT by Solomon Oladipupo

Retail FX

FXCM Decreases Spreads on Major Currency Pairs, AUD/USD Down by 54%

New pricing is geared at making FXCM 'more competitive than ever before'.
GBP/AUD and EUR/JPY pairs got the smallest reductions.

Monday, 25/07/2022 | 16:38 GMT by Solomon Oladipupo

Executive Moves

FXCM Hires Paul Gyles as Chief Marketing Officer

He previously worked with IG as the Global Marketing Director.
He will focus on the broker’s branding and marketing strategies.

Monday, 18/07/2022 | 09:37 GMT by Arnab Shome

Retail FX

Global Brokerage Sees Total Net Revenues of $31.11M during Q1 2022

The company is the owner of FXCM.
The report is an unaudited consolidated statement of financial condition.

Thursday, 05/05/2022 | 01:13 GMT by Felipe Erazo

Executive Moves

Zenfinex Has Chosen Jeffrey Navarro as Its Head of LATAM

Navarro brings around twelve years of financial experience to the role.
He is proficient in negotiations, sales and derivatives trading and more.

Thursday, 17/03/2022 | 08:17 GMT by Tom Hazan

Executive Moves

ROSTRO Appoints John Murphy as Global Head of Retail Operations

Murphy brings around fifteen years of sales experience from senior executive roles.
In the new placement, he will be located in London, UK.

Tuesday, 01/03/2022 | 12:29 GMT by Tom Hazan

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