FXOpen UK is delighted to announce the acquisition of AMB Prime Ltd, the Cyprus based broker. The new European entity will operate under the name FXOpen EU and will commence operations on 17th August 2020.
This development demonstrates our commitment to become a leading broker in UK and Europe. By acquiring AMB Prime Ltd, a long-established, full-scope broker authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), it enables us to strengthen our brand presence in Europe. Alongside expansion, we are also investing in our trading platforms and core product suite to continue improving trading conditions for our clients. Notably, the most recent enhancements are the addition of further liquidity providers into our ECN, enabling tighter spreads and deeper liquidity, coupled with a reduction in commission charges.
Commenting on the acquisition, Gary Thomson, Chief Operating Officer of FXOpen UK comments ‘It’s an exciting time for FXOpen UK. We are delighted to expand our presence in Europe, which alongside the UK, is our key target market. An injection of capital into the business has enabled us to continue our expansion plans, which means regardless of any potential regulatory changes, we can ensure a seamless continuity of service to our current European clients, whilst continuing to expand our offering and grow our client base, both retail and institutional.”
Leading the new office in Cyprus, Maria Markidou, Director of AMB Prime Ltd, who will continue in her role at FXOpen EU, follows with “I am delighted and honored by the opportunity to be a part of the FXOpen team and head the European division. I look forward to working for a global forex broker that is focused on its clients, services and technology solutions. I am confident that we can build on these grounds and through investment enhance the brand in Europe and our clients’ experience.”
From 17th August, www.fxopen.eu will be available to accept clients searching for ultra-fast execution, tight spreads, low commissions and 5 star customer service from a multi-regulated broker. FXOpen EU will offer the new ground-breaking proprietary trading platform TickTrader, alongside other platforms.