FXCM Australia changes business address as next registration review date approaches

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FXCM Australia Pty Limited, the Australian business of FXCM Group, has relocated.

Information from ASIC Connect shows that the broker filed a document earlier today indicating changes to company details, more specifically changes to its registered address and to its principal place of business address.

The new address of FXCM Australia, according to ASIC Connect, is Level 13, 333-339 George Street SYDNEY NSW 2000. At the moment of publication of this article, the website of the broker still shows the old address: Suite 1402, Level 14, 383 Kent Street, Sydney, NSW 2000.

Source: ASIC Connect.

Other members of FXCM’s “family” of companies have been relocating too over the past several months. Effective November 9, 2017, Forex Capital Markets Limited, also known as FXCM UK, and FXCM UK Merger, whose main asset is its investment in Lucid Markets Trading Limited, said goodbye to their registered office address at Northern and Shell Building 10 Lower Thames Street 8th Floor London. The companies announced that they changed their registered office address to Fourth Floor 20 Gresham Street London EC2V 7JE.

The reasons for the Australian and the UK relocations have not been mentioned but it is apparent that these happen amid a wider reshuffle of FXCM’s business. The company is seeking to pay back its loan to Leucadia, and the efforts to collect cash include selling of non-core businesses. In November last year, Global Brokerage’s SEC filing confirmed the sale of certain intellectual property and fixed assets of V3 Markets for $0.3 million in cash. Lucid Markets is still marketed for sale.

FXCM has insisted that its non-US business would not be affected by the regulatory action taken by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in February 2017. On March 30, 2017, the authorization of Forex Capital Markets LLC as Australian Financial Services Authorised Representative of FXCM Australia ceased. There is no current information on any new AFS representative of the broker.

The next review date of FXCM Australia is March 30, 2018.

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