Finland based broker FinFX has made some surprising news today as they have merged their retail business with IB and partner oriented brokerage Best Choice FBC Ltd, who is regulated by CySEC but until this point has catered to dealing with IBs and money managers doing business as BCFXbroker.
Announced today on the FinFX company blog was the following statement:
Dear Customers of FinFX,
We would like to thank you for your valuable business and continued support at all times. Since inception our objective has been to constantly improve the customer trading experience through addressing the varying requirements posed by our clients. As such, FinFX is excited to announce a restructuring plan which will add a significant value to each and every one of our clients.
Through acquisition of FinFX’s retail business CySec regulated broker “Best Choice FBC limited” will operate under the “FinFX” brand. The main driver behind this strategic decision is to provide a regulated and transparent entity for our client base. With effect as of opening business on Monday, June 1st 2015, the trading account(s) and open positions of our clients will be transferred to the above mentioned broker. Additional information on this matter will be sent to all our clients via email.
The company acquiring FinFX’s retail clients is Best Choice FBC Ltd, incorporated in the Republic of Cyprus under registration number HE 311543 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 234/14.
To view the announcement from FinFx, click here.