FxPro Divests Cyprus Client Base to Capital.com in Move Framed as Strategic Refocus, Not Withdrawal

FxPro Hands Over Cyprus Client Book to Capital.com

In a move first reported exclusively by Finance Magnates, FxPro has entered an agreement to sell the client base registered under its Cyprus entity to Capital.com. The transaction, which is awaiting sign-off from the Cyprus Securities and Exchange Commission (CySEC), represents a targeted carve-out rather than a wholesale exit from the European market.

Peter Aust, Chief Operating Officer at FxPro, characterised the arrangement as a deliberate step to better align the broker's operational footprint with its long-term growth trajectory. He was explicit in noting that the Cyprus operation does not constitute a material share of the Group's overall revenue. Capital.com confirmed in a company statement that the transfer is conditional: only clients who satisfy the firm's onboarding criteria and risk-management thresholds will be migrated. Each individual account will be re-evaluated under Capital.com's own client-classification framework, appropriateness rules, target-market designations, and KYC protocols before any transfer takes place.

For active traders currently on FxPro's Cyprus platform, the practical implication is that an account review will precede any migration. Those who fail to meet Capital.com's internal standards may find themselves outside the scope of the transfer.

FxPro Reaffirms Independence and Global Focus

Aust was careful to stress that the FxPro Group as a whole remains fully independent, retaining the same ownership structure, executive leadership, and long-term strategic direction. The broker holds regulatory licences in the United Kingdom (FCA), the Bahamas, and the Seychelles, in addition to its 2007 Cyprus Investment Firm (CIF) licence that originally opened the door to broader EU expansion.

The COO emphasised that the overwhelming majority of the firm's recent growth has originated outside the European bloc. He noted that international markets have become the principal engines of the business and that the company intends to direct its capital, technology investment, and product innovation toward those regions where momentum is strongest. In his framing, shedding a smaller, specific operational unit allows the Group to allocate resources more decisively where they will generate the largest returns — a move he described as strategic optimisation rather than a retreat.

FxPro is also retaining its FCA licence and its headquarters in the City of London, a decision Aust linked to the firm's long-term commitment to what he called one of the world's most established and respected financial centres.

Capital.com's Broader Expansion Agenda

On the other side of the transaction, Capital.com — owned by billionaire Viktor Prokopenya — is in the midst of an aggressive global growth push. In 2023 the broker acquired the retail and professional client book of OvalX, formerly known as ETX Markets, after that firm wound down operations. More recently, Capital.com secured regulation in South Africa, a market where several competitors have found the cost of entry prohibitive.

The firm has publicly stated it is exploring regulatory approvals in Japan and Turkey. Hiring activity, including the appointment of local chief executive officers in Brazil and Chile, signals intended expansion into those South American markets. Although no formal announcement has been made regarding Singapore, job postings on the company's career pages suggest a licence application may be in the pipeline.

Capital.com's European operations are coordinated from its Cyprus base, making the FxPro client transfer a natural extension of its existing infrastructure. Christoforos Soutzis, Europe CEO at Capital.com, commented that the acquisition will strengthen the firm's European reach and, once the transfer is complete, will bring a well-established client base into the trading environment the company has built. The broker has also moved beyond its core CFD offering to provide physical equity trading for European clients, with plans to extend that service into the UK and the UAE.

A Wave of European Broker Consolidation

The FxPro-to-Capital.com deal arrives amid a broader pattern of restructuring across the European FX and CFD broker landscape. Finance Magnates previously reported that Trade Nation agreed to acquire the UK client book of legacy brand FXCM, while AvaTrade moved to purchase the bulk of another broker's remaining business units. Together, these transactions underscore a period of consolidation in which established firms are shedding smaller or less profitable regional operations to concentrate capital on higher-growth geographies. For traders, the key takeaway is to monitor whether their specific account falls within the scope of any such transfer and to review the onboarding and risk-assessment criteria of the acquiring broker before the migration window closes.