Abstract:Today, the Finvasia Group, which owns several companies in the fintech sector, disclosed that it has bought the Forex and CFD broker Fxview, based in Cyprus. For an unknown fee, FINVASIA Group purchased a 100 percent ownership in the business.
Finvasia Group, which operates multiple brands in the FinTech industry, today announced that it acquired Cyprus-based Forex and CFD broker Fxview. FINVASIA Group has acquired 100% stake in the company for an undisclosed sum.
According to CySECs website, Fxview is a brand of Cyprus investment firm Charlgate Ltd. Its licence number is 367/18.
Fxview services clients in over 25 countries and is registered with over 6 different regulatory bodies across Europe. Fxview is gaining popularity swiftly across the EU, Asia, LATAM and Africa region. The company provides clients a comprehensive trading experience by offering low commissions, thin spreads, multiple platforms & trading tools and a clutter-free trading environment.
Commenting on the acquisition, Sarvjeet Virk, Managing Director of Finvasia Group said,
“We‘re delighted to add Fxview to our portfolio. Europe remains a key strategic priority for our business. Fxview’s acquisition gives us a significant presence in the European market, complementing our already well-established operations in United Kingdom.”
“Since we started, our goal has been to provide our clients with the best possible forex trading resources and experience which is backed by state of the art technology. Finvasia is a global leader in the Fintech space and we believe this acquisition by Finvasia Group is the best way for Fxview to continue to fulfil that mission,” said Daniela Egli, Executive Director of Charlgate Ltd.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The SEC cautions the public about TRADE 13.0 SERAX, an unlicensed investment platform using fake endorsements that solicits funds illegally in the Philippines.
eToro, the online brokerage platform, has unveiled its latest innovation: the Onfido Selfie Motion biometric authentication feature.
Fintech start-up Midas has achieved a significant milestone by raising $45 million in equity funding, marking the largest Series A fundraising by a Turkish fintech firm, and the second largest across sectors.
eToro collaborates with 21Shares to introduce a dynamic, data-driven crypto investment portfolio for retail investors.