IronFX to Cut 150 Jobs in Efficiency Drive Amid AI Push

Retail FX and CFDs broker IronFX has reportedly laid off around 150 employees, representing roughly 10% of its global workforce of about 1,500 staff, according to industry sources.

People familiar with the matter said the job cuts are mainly aimed at improving operational efficiency as brokerage firms increasingly adopt artificial intelligence and automation technologies. The company has not publicly commented on the exact reasons behind the layoffs.

Although IronFX once held a Cyprus Investment Firm (CIF) license, the broker stopped offering CFD trading services to retail clients in the European Union several years ago. The firm now mainly operates through an offshore entity in the British Virgin Islands, while also maintaining regulatory authorization from the Financial Conduct Authority (FCA) in the UK.

Industry Layoffs on the Rise

In recent months, several major trading platforms have also announced workforce reductions.

Broker eToro previously decided to cut around 10% of its global staff, while Tradu, part of FXCM Group, is planning to eliminate more than 100 positions.