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  • Valutrades, the FCA-regulated broker, downsizes its workforce in response to escalating operational costs.

Valutrades, the FCA-regulated Retail FX and CFDs broker, is undergoing a significant restructuring in its London office to address rising costs due to inflation.

The company is implementing a round of redundancies, affecting various departments including customer support, operations, and payments.

Notably, longtime Head of Business Development Lauren Connor, who has been with Valutrades since 2015, is among those laid off.

Earlier this year, Valutrades saw the departure of CFO Liam Bonfield, now with MAS Markets, and former COO Harry Campbell-Lamerton, who also left the board.

Despite strong financial performance in 2022, with revenues up 47% to £6.5 million and a net profit of £735K, the company has not yet released its 2023 financial results.

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