IronFX closes a new big investment of $100m from a Middle Eastern family office.
IronFX’s deal occurred last week, making it the biggest institutional investment in the company. The investment distribution splits in three transactions, with the first transaction as of now receives a regulatory approval.
The investment to the company proved to be one of the most important, as the company faces a crucial time in the industry making its way to a record year. As posted by Finance Magnates, the CEO of IronFX Mr. Marcos Kashiotis commented that, “This year has been a record one for our firm both in terms of deposits and in terms of trading volumes. The IronFX brand has shown amazing resilience.”
Mr. Marcos Kashiotis, continued commenting:
“Our ability to attract sizable investments and the quality and reputation of our new international partners demonstrates the significant strides made by the Company over the past years, as well as its current position and future outlook. It also signifies an important foreign direct investment and a vote of confidence in the Cyprus financial sector.”
The company appears to promise boosting its technological and operational resources. Creating chances for M&A growth and aiming to buy client books and join new brands to its portfolio.
As stated by the company its self:
“IronFX is the award-winning Global Leader in Online Trading, with 10 trading platforms and over 200 tradable instruments.”
As commented by Finance Magnates, IronFX’s main business subsidiary is the FCA-regulated entity 8SAFE. Another portion of the business is being operated by ASIC-regulated GVS (AU) Pty Limited, which is behind the FXGiants brand name.”
Source: Finance Magnates