FXCM UK’s 2025 accounts show US$2.24m loss as commission and costs rise

Finance Magnates’ account of Stratos Markets Limited’s filed accounts reports higher trading volume, commission, client money and expenses. The UK entity’s own cash and group receivables moved in opposite directions; regulatory funds remained above the stated requirement.

12 October 2026Original reporting: Finance Magnates

Affects: The accounts provide historical UK-entity context for the client-book sale; they do not establish its completion or the financial position of all FXCM companies.

Stratos Markets Limited, the company running FXCM’s UK business, reported a US$2.24 million loss for 2025, compared with US$2.02 million in 2024, according to Finance Magnates’ 12 October analysis of accounts filed at Companies House. This is the UK legal entity’s annual result, not a consolidated loss for every FXCM business.

Trading volume rose 40% to US$340 billion from US$243 billion. The company hedges client trades with Stratos affiliates and receives commission for passing on market risk. That commission increased 73.1% to US$10.82 million from US$6.25 million. After a US$6 million transfer-pricing adjustment for Stratos Global LLC expenses, reported turnover was US$4.82 million. The comparable 2024 adjustment was US$6.15 million, leaving turnover of US$103,606. Gross commission and reported turnover therefore measure different stages of the accounts.

Administrative expenses rose 28.6% to US$12.03 million. Staff costs climbed 92.5% to US$5.50 million from US$2.86 million; wages and salaries increased to US$4.09 million from US$1.52 million. Average headcount was 48, up from 43, including 29 people in management and administration. Legal, management and professional fees reached US$3.57 million, and directors’ pay was US$1.58 million. Interest income on cash fell 39.6% to US$2.98 million.

Client money rose 24.3% to US$110.34 million from US$88.77 million. Amounts due from group companies increased to US$45.04 million from US$17.12 million, covering recharges, profit sharing and trading margin and described as repayable on demand. The firm’s own cash fell to US$18.73 million from US$48.44 million. Cash including segregated client money was US$129.07 million, down 5.9% from US$137.20 million. Client money must not be described as cash available for corporate spending.

Regulatory own funds were US$58.78 million against a US$5.89 million requirement, roughly ten times the minimum, and no dividend was paid. The going-concern assessment relied partly on a written Jefferies support letter covering at least twelve months from the board’s 24 April approval of the accounts. That historical assessment does not establish a new guarantee to clients.

The directors attributed the losses mainly to weaker trading activity in 2024 and group spending on product and technology development. This was the third consecutive annual loss: the firm lost more than US$2.5 million in 2023 after a US$860,500 profit in 2022.

The filing describes a planned 2026 move toward a single retail FX/CFD platform, with foundational work targeted for the second quarter; this report does not verify delivery. A third-party e-wallet was discontinued at the end of 2025. The later October agreements with Trade Nation for the UK client book and AvaTrade for most FXCM Group business are separate events. Their announcements do not turn the 2025 accounts into post-acquisition financial results.

Editorial note

This page is an original multilingual editorial summary. It attributes and links to the source report instead of republishing the third-party article.