Overview
- Finance Magnates reporting, cited by CoinSpectator, says IronFX cut about one‑third of its Limassol workforce, with the broker declining to comment.
- A later roundup from the same outlet describes roughly 150 job losses, about 10% of a c.1,500 global headcount, with sources pointing to efficiency and AI as the rationale, which the company has not confirmed.
- IronFX maintains a Cyprus Investment Firm license and UK FCA authorization, and it now appears to operate primarily under a British Virgin Islands offshore license.
- The Cyprus reductions are portrayed as steeper than recent broker cuts, which included eToro’s 10% workforce reduction and more than 100 roles eliminated at the FXCM/Tradu operator, alongside earlier moves by CMC Markets and IG Group.
- The broker was founded in Cyprus in 2010 by Markos Kashiouris and Peter Economides, underscoring its continued ties to Limassol despite global operations.