Breaking news: FXDD buying MahiFX UK FCA license

Breaking news: FXDD buying MahiFX UK FCA license
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Breaking News… Forex brokerage solutions provider MahiFX has recently notified that its retail FX operations, along with the licenses attached to them, are now on the market. Appears that the company has already got a buyer in the face of the Forex broker FXDD.

FXDD’s name can already be seen in the official FCA register, trading under MahiFX’s license from February 2019.

LeapRate reminds that MahiFX received its FCA license in the UK as a matched principal broker back in March 2017. MahiFX is also licensed by ASIC in Australia and the FMA in New Zealand.

MahiFX began life as a retail forex broker in 2010, offering trading on its own proprietary MFX Trade platform, as well as MT4. In 2014 the company switched to focus mainly on providing technology and services to forex brokers, helping eFX businesses to reduce costs, manage risk, and analyse their operations in fine detail, with a success-based business model.

Aside from selling its MFX Trade platform to other brokers, MahiFX introduced MFX Compass in 2014, providing institutional clients with tools to quickly and seamlessly establish a robust eFX business complete with pricing, technology, analytics and support.

In 2016 the company added MFX Vector, a platform that gives complete transparency on live orders, fills and LPs, rate formation and passive execution for the active FX trading community.

LeapRate has not yet received a detailed response from MahiFX about the news.

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Breaking news: FXDD buying MahiFX UK FCA license


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