Another Forex merger is happening in the forex world as we speak: TradeFX Ltd., Safecap Investments Ltd. and Finexo recently signed a series of agreements, the result of which TradeFX will acquire the global marketing activities of Finexo, a leading Forex & CFD broker.
Finexo, which began operations in 2003, is one of the largest White Label Operators of Saxo Bank.
TradeFX develops software solutions for Forex and CFD operators. In addition, it offers marketing and customer support services to companies within the industry.
Safecap is a privately owned company, and it operates GFC Markets, one of the world’s fastest growing Forex & CFD brokers.
The parties expect to close the deal within a few weeks and after such closing, from what I hear, the following will take place:
- TradeFX will take control of Finexo’s international marketing assets and will continue to promote the Finexo brand in global markets.
- Safecap, a fully regulated EU broker, will assume Finexo’s international client book and continue providing the high quality service Finexo was known for. In addition, Safecap will own and operate www.finexo.com and additional international domains.
- Safecap plans to continue operating Finexo as a white label of Saxo Bank.
Currently, TradeFX is providing various software tools as well as marketing services to Safecap Investments Ltd., a Cyprus Securities Exchange Commission (CYSEC) regulated Investment Firm. As a fully regulated Cyprus Investment Firm (CIF) with a MiFID license, Safecap, which operates out of Nicosia, Cyprus, may offer its services across all the EU member-states. Safecap and TradeFX formed a strategic alliance in 2009, under which TradeFX will provide software tools as well as marketing & support services to Safecap.