Poland-based payment and forex exchange provider Cinkciarz.pl today advertised the launch of its retail FX operations through its brand-new business and website Conotoxia.com. Users of the popular online exchange and money transfer operator can now access the FX market directly through a dedicated trading account.
The new subsidiary is an investment firm licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), and specializes in providing foreign exchange currency trading.
Cinkciarz originally announced the launch of Conotoxia brand earlier this month, but only to offer the same services available through its existing products: currency exchange, money transfers, and payments. The two brands were supposed to be functioning alongside one another, using the same registered graphic trademark, but one now embraces a fully regulated retail brokerage offering.
Adding the forex markets to Conotoxia’s existing payment services not only appeals to its current clients, but also provides a diversification opportunity for the company.
Until recently, Cinkciarz.pl was associated with the currency exchange in three models: bank account transactions, currency wallet transactions and social transactions. As such, the driving force behind Conotoxia becoming a brokerage firm is to cash in on loyalty of its multinational customer base and also to provide a more integrated, seamless, single source of FX transactions.
“Introducing the Conotoxia brand to the market is a direct result of the company’s development and global expansion. The Conotoxia brand marketing campaign will be launched during the 2017 UEFA European Under-21 Championship,” said Kamil Sahaj, Cinkciarz CMO.