Trade.com Applies to Cancel FCA License

Trade.com has applied to the Financial Conduct Authority (FCA) to cancel its permissions, effectively giving up its UK license, according to data on the regulator's website.

The UK entity, Trade Capital UK, began the process of giving up its license in July this year. Trade.com holds other regulatory licenses in Cyprus, Mauritius, and the US.

Companies House data shows the firm's UK entity lost almost £350,000 in 2024, its most recent set of publicly available accounts.

Similarweb data indicates that Trade.com still draws the bulk of its customers from Europe. Last month, 40% of visitors to its website came from Germany, with Poland and Slovakia also among the popular sources of web traffic.

Trade.com had been trying to sell its UK business for some time, but the parties involved could not reach an agreement on some of the commercial arrangements associated with the deal. Last year, brokerage group NAGA was reportedly going to take over the company, but that deal appears to have fallen through.