FXCM UK Reports $2.5 Million Net Loss for 2023

Stratos Markets Limited, operating under the FXCM UK brand, has filed its annual report and financial statements for the year ended 31 December 2023 with Companies House. The report shows a slump in key performance indicators.

In 2023, the company’s turnover decreased by 115.7% year-on-year to a loss of $1.7 million. Profit on ordinary activities before taxation decreased by 389.5% compared to the previous year to a loss of $2.2 million in 2023. The final net loss amounted to over $2.5 million, a whopping decrease of 392.9% compared to the $860,500 profit reported the previous year.

Retail trading volumes decreased 37.6% in 2023. Client cash held reduced by 11.6% to $125.7 million in 2023, from $142.2 million in 2022. Capital resources decreased to $62.9 million as compared to the previous year’s $64.4 million. 

FXCM UK’s KPI