Trade Nation Purchases FXCM's U.K. Client Book

Overview

• Trade Nation has bought FXCM’s U.K. client book for an undisclosed sum and announced a managed handover with FXCM leadership.
• Both firms plan a joint transition that is expected to complete in late November 2026 and aims to move clients with minimal disruption.
• The portfolio is mainly retail traders with a small group of professional clients that generate outsized revenue and match Trade Nation’s pro offering.
• Trade Nation entered the sale process in July and said an existing relationship with FXCM CEO Brendan Callan helped its quick, successful bid against several interested brokers.
• The sale covers only the U.K. client book while Jefferies, which took full control of FXCM’s parent in 2023 and rebranded it Stratos, continues to market the remaining assets with potential buyers such as AvaTrade reported as interested.