AvaTrade to Close Its Poland Branch Office
AvaTrade is closing its branch office in Poland, while iFOREX has cut its first-half earnings estimate, in a day of mixed broker and trading-platform news.
AvaTrade is closing its branch office in Poland, according to the latest round-up of forex and CFD broker news. The retail trading firm is winding down the Polish operation, although the recap did not disclose a closing date, the number of staff affected or a stated reason for the decision.
iFOREX trims guidance
In the same news cycle, iFOREX was reported to have cut its earnings estimate for the first half of the year, revising its earlier forecast lower. No figures for the revised estimate, the previous projection or the drivers behind the change were given in the recap.
The round-up also highlighted technology and platform developments. Devexperts is targeting brokers in South Korea, extending its business development push into that market. TradingView, meanwhile, has added MCP support aimed at AI tools, a change that links the charting platform to AI-driven workflows.
The daily recap series aggregates company news, executive moves, deals, regulatory updates and market developments across forex and CFD brokers, fintech, payments, cryptocurrencies, digital assets and trading platforms. Other items in the same cycle included Revolut reconsidering a London listing, NAGA's chief executive discussing a return to profitability, and the FCA targeting illegal peer-to-peer crypto sites.
Taken together, the items point to a sector in which brokers are revisiting their geographic footprints and financial guidance while platform providers continue to add new capabilities. Neither AvaTrade nor iFOREX published the full details of the changes in the recap, which summarised the day's headlines rather than reporting each story in full.
AvaTrade is among the larger retail forex and CFD brokers serving international clients, and Poland has been part of its European footprint. The closure of the branch follows a pattern of brokers reviewing the cost and licensing implications of individual European operations, though no such explanation was offered for this specific move.
Source: Finance Magnates