AvaTrade is acquiring the majority of FXCM, a long-standing forex and CFD broker. The move will give FXCM clients access to AvaTrade’s trading ecosystem, including over 1,250 global financial markets and a growing roster of AI trading tools.
Key Takeaways
- FXCM’s global operations, brand and international client book are folding into AvaTrade.
- Affected users will be notified of the migration schedule in due course.
- FXCM clients will get the benefits of being with a larger, more technology focused brokerage with a wider selection of instruments spanning options, futures, and CFDs.
- FXCM’s UK client book was sold separately to Trade Nation, while Hong Kong’s FXCM Bullion will continue to operate independently.
DayTrading.com has been in contact with AvaTrade about the move. In a statement shared with us, Daire Ferguson, CEO of AvaTrade, said: “Our ambition is to help shape the next phase of global online trading.”
Ferguson went on to say: “This transaction represents a significant further step toward realizing that ambition. By combining FXCM’s established market presence with AvaTrade’s technology and product innovation, we aim to expand our global reach and build a stronger, more diversified trading group.”
FXCM has been a long-standing broker that was launched in 1999 and built a client base over more than two decades. It offered a choice of platforms, including MT4, TradingView, and Trading Station, with trading on forex, shares, indices, commodities, and cryptos, plus trading baskets.
But the move to AvaTrade will give FXCM clients fresh opportunities, including futures and options, bespoke tools like AvaProtect, and various AI features, including AI Insight for Technical, News and Overview analysis when you load an asset, plus AI Chat where you can ask about markets, fees, or general topics in natural language.
“The online trading industry is entering a new phase in which leading companies must combine trust, innovation and global access, with a broad range of trading solutions,” said Ferguson. “This agreement supports our strategy to expand internationally, broaden our multi-asset offering and continue to invest in technology, including AI, to support traders at every experience level. We look forward to welcoming FXCM clients to a new era of trading with AvaTrade.”
Existing FXCM clients should receive communications to their registered email address or preferred contact method in due course with details about the upcoming transition.
