The UK unit of AETOS, a contracts for differences (CFDs) broker, has given up its Financial Conduct Authority (FCA) licence and appears to be winding down its business entirely in the country.AETOS No Longer Operates in the UKAccording to the regulatory registry, the company gave up its FCA authorisation last month and now “can no longer provide regulated activities and products.” Furthermore, the company has filed a “Solvency Statement” with the UK’s Companies House, which is typically submitted when a company undertakes specific capital reduction actions."This firm has told us that it cancelled its authorisation with the FCA for the following reason: Ceasing to trade - firm going into administration or liquidation or being dissolved," the FCA website noted.Read more: Around 20% FCA-Regulated CFD Brokers Are InactiveAETOS’s UK subsidiary is wholly owned by a Cayman Islands-registered entity, which gained an operational licence in 2021 and also operates under the same brand. Under the FCA licence, the platform offered CFD trading with forex pairs, metals, energy, and indices.The AETOS brand also operates with authorisation from the regulators in Australia and Mauritius. Chinese online entrepreneur Yongqiang Lu controls the overall brand.No Revenue from Brokerage ServicesThe broker’s wind-down of its UK business came after the company broke even from its operations in the country for at least two consecutive years. In the fiscal year 2024, the broker's UK business generated a turnover of £479K, higher than the previous year’s £399K.Interestingly, the majority of its latest revenue came from management services fees, while only a small amount of £4,761 was generated from broker commissions. In the previous year, it did not generate any income from broking commissions.Meanwhile, several other CFDs brokers have also either exited their UK presence or are only offering services to professional clients in the country. ADSS and TrivePro are two names in the industry that have wrapped up their presence in the UK in recent years. ICM.com is also in the process of relinquishing its FCA licence.This article was written by Arnab Shome at www.financemagnates.com.