Tag: FCA

  • AETOS Capital Group Exits UK Market, Surrenders FCA Licence

    AETOS Capital Group Exits UK Market, Surrenders FCA Licence

    In a significant move reflecting broader industry trends, AETOS Capital Group, a global contracts for difference (CFD) broker, has officially relinquished its Financial Conduct Authority (FCA) licence, effectively ending its regulated operations in the United Kingdom.

    The decision, confirmed via the FCA’s public registry, indicates that AETOS UK has ceased all regulated activities and is in the process of winding down its UK business. The company cited “ceasing to trade” as the reason for the cancellation, a designation typically associated with administration, liquidation, or dissolution 

    UK Exit Follows Prolonged Inactivity

    AETOS’s UK entity had held its FCA licence since 2016 but had shown signs of declining activity in recent years. In the fiscal year 2024, the firm reported a turnover of £479,000, up from £399,000 the previous year. However, only £4,761 of that revenue came from brokerage commissions, with the bulk derived from management service fees 

    The company’s dwindling brokerage income and lack of new business appear to have prompted the strategic retreat. AETOS also filed a Solvency Statement with Companies House, a move often linked to capital restructuring or voluntary closure.

    Focus Shifts to Australia and Offshore Markets

    While AETOS is exiting the UK, it continues to operate under regulatory licences in Australia and Mauritius. Its Australian arm, AETOS Capital Group Pty Ltd, is regulated by ASIC, while its offshore operations are managed through AETOS Markets (M) Ltd, based in Mauritius 

    The group is ultimately controlled by Chinese entrepreneur Yongqiang Lu, and the brand remains active in Asia-Pacific and other emerging markets.

    Industry-Wide Trend of FCA Exits

    AETOS is not alone in its departure from the UK regulatory landscape. Several other CFD brokers, including ADSSTrivePro, and ICM.com, have either exited the UK market or are in the process of surrendering their FCA licences. Many cite increased regulatory pressure and limited retail profitability as key factors behind their decisions 

    What This Means for Clients

    With the FCA licence now surrendered, AETOS can no longer offer regulated financial products or services in the UK. Clients are advised to contact the company directly for information regarding account closures or fund withdrawals.