Accuindex, a retail FX and CFD broker, announced today that it has completed the acquisition of 100% share of the Cyprus Securities and Exchange Commission (CySEC) regulated firm, Ruizean Markets in an effort to expand global operations.
The broker changed the name of newly acquired Ruizean Markets to Accuindex EU Limited. Established in 2017, Accuindex now has a license from the Financial Service Commission in Mauritius and the Cyprus Securities and Exchange Commission.
According to the official press release shared with FortuneZ, the company aims to expand its services across key European markets in addition to the existing international operations of Accuindex across East Africa and the Middle East. In addition, Accuindex has an office in the Business Bay area of Dubai.
Commenting on the acquisition, Samer Mourched, Chief Operating Office at Accuindex, said: “We are very happy about this acquisition. This new addition to Accuindex’s operations reflects the strength of the strategic position we have built in the industry. Europe is a key market for us and having the CySEC regulation and a local office gives us a significant presence in the continent. Our aim is to accommodate the needs of our clients and provide a safe and regulated ecosystem for the trading of financial assets internationally.”
FortuneZ earlier reported about the appointment of Samer Mourched as Chief Operating Office at Accuindex. Mourched has more than 15 years of experience in international financial markets across different regions. The newly appointed COO held various executive leadership roles in different financial institutions.
The official press release also mentioned that the Executive Director of Accuindex EU Limited, Maya Radoslavova, will be responsible for the operations related to the Cyprus office. “The new office will be providing dedicated customer support in various languages under the local regulation. In line with this, it will give Accuindex’s clients the knowledge and security that they will be serviced by one of the fastest-growing firms in the industry,” the press release states.