AvaTrade, a leading global online trading broker, announced it has agreed to acquire the majority of FXCM Group’s business, one of the world’s longest-established Forex and CFD trading brands.
Founded in 1999, FXCM was a pioneer of Forex trading for retail investors and has built a loyal global client base over more than two decades.
“Our ambition is to help shape the next phase of global online trading,” said Daire Ferguson, CEO of AvaTrade. “This transaction represents a significant further step toward realizing that ambition. By combining FXCM’s established market presence with AvaTrade’s technology and product innovation, we aim to expand our global reach and build a stronger, more diversified trading group.”
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The acquisition is the latest in a series of strategic moves by AvaTrade aimed to expand its presence in the global online trading industry. It follows the launch of the AvaTrade Group’s AI-powered trading platform and several technology-focused initiatives. Together, these developments reflect continued investment in technology, infrastructure and specialist talent, as AvaTrade scales its international operations and expands its product capabilities.
“The online trading industry is entering a new phase in which leading companies must combine trust, innovation and global access, with a broad range of trading solutions,” added Ferguson. “This agreement supports our strategy to expand internationally, broaden our multi-asset offering and continue to invest in technology, including AI, to support traders at every experience level.
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