FXOpen UK Closes Client Accounts and Requests FCA Licence Cancellation

FXOpen Ltd, the United Kingdom operational arm of the global forex and CFD broker FXOpen, has completed the closure of its client accounts and officially applied to the Financial Conduct Authority (FCA) to surrender its regulatory license. Visitors to the broker's UK website are now greeted with a direct notice confirming that all accounts have been shut down and directing users to withdraw any remaining balances via the secure Client Portal.

The strategic wind-down follows a series of previously communicated deadlines set by the company for both retail and professional clients. Retail account holders were instructed to close out their open trading positions and withdraw their balances by September 16, 2026, while professional clients faced a final deadline of September 21, 2026. With both deadlines now passed, the firm has also ceased accepting applications from new customers seeking UK-regulated services.

Despite the successful closure of live trading operations and the liquidation of active positions, the formal surrender of the FCA license is still awaiting final regulatory approval. Regulatory records indicate that FXOpen Ltd remains listed on the official financial services register while the administrative review by the UK watchdog is being finalized.

For traders affected by this operational wind-down, the primary focus is ensuring the smooth withdrawal of any residual capital. The broker has maintained access to the Client Portal specifically for these remaining administrative tasks. Clients encountering any issues with their fund withdrawals are advised to contact support directly.

This development highlights the ongoing regulatory pressures and strategic shifts affecting retail brokerages operating within the highly regulated UK jurisdiction. Prop traders and retail forex participants utilizing multiple brokers should regularly review their counterparty risk and operational statuses. PropFXLab will continue to monitor the situation as the FCA processes the formal cancellation request.