Finance Magnates reported that FXTM decided to surrender its UK FCA licence as part of a strategic realignment toward the Middle East and Asia. The report also said the group was pursuing full UAE brokerage status; its existing Category 5 permission was narrower and did not by itself authorise local trade execution or client-money holding.
Key points
- The FCA exit was described as a strategic decision rather than an enforcement withdrawal.
- Licence surrender and full UAE brokerage approval are separate regulatory states.
What this means
FXTM clients and prospects affected by the entity, jurisdiction or permission described
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