Gain Capital to Give Up FCA License

Gain Capital, operator of CFD brokers City Index and Forex.com, will surrender its financial license issued by the UK Financial Conduct Authority (FCA) "in the fullness of time."

Previously, Gain Capital obtained a Category 5 license from the Securities and Commodities Authority (SCA) in the United Arab Emirates. However, the company now appears to be planning to transfer this license to another entity.

Recent filings with the UK Companies House indicate that Gain Capital UK obtained the Dubai license in August 2025. However, it must operate under this license for several months before applying to transfer it to StoneX Financial Ltd.

Meanwhile, Gain Capital appears to have ceased direct involvement in UK trading operations. The company reported no direct revenue from its UK business.

StoneX acquired Gain Capital for $236 million in 2020 to enter the retail forex and CFD trading market. Notably, the deal faced opposition from most shareholders and later became embroiled in an insider trading scandal.

However, following the acquisition, StoneX doubled its global active retail user base to 295,000.

BrokersView reminds you

If you want to learn more about a forex broker, you can search for the broker's name on BrokersView to access details.