Overview
- Trade Nation acquired FXCM's U.K. client book for an undisclosed sum in a deal announced by the firms.
- Both companies have agreed a managed transition plan and expect the client transfer to be completed in late November 2026.
- The portfolio is mainly retail traders with a small group of professional clients that produce outsized revenue and fit Trade Nation's pro offering.
- Trade Nation entered the sale process in July, won a competitive bid and benefited from an established relationship with FXCM leadership, including CEO Brendan Callan.
- Jefferies, which rebranded the rescued FXCM group as Stratos after taking full ownership in late 2023, continues to market the remaining assets with potential buyers such as AvaTrade reported but not confirmed