1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
LeapRate Logo

AvaFX acquires clients from Finotec

AvaFX continuing to expand, Finotec focusing on other markets and institutional clients

 
PRLog - Jul. 6, 2011 - NEW YORK -- A LeapRate Exclusive! M&A Deal Report – LeapRate has learned that Finotec Group Inc. subsidiary Finotec Trading UK Limited has agreed to sell certain retail clients and client assets outside the EU to AvaFX. As in other such transactions, such as the recent purchase of dbFX by Gain Capital, the Finotec clients need to agree to move their accounts to AvaFX.

AvaFX – a member of LeapRate’s list of Approved Forex Firms – is one of the successful new generation of Forex firms which have based themselves on a combination of superior customer service and aggressive online marketing. AvaFX has also grown via a series of acquisitions, including the March 2011 purchase of eForex’s client assets, the July 2010 acquisition of Art Co. of Japan (where AvaFX recently was awarded a full Forex license), plus the most recent Finotec deal. (For a list of Forex sector M&A and financing transactions from 2005 to present see LeapRate's Forex Industry Report at http://www.leaprate.com/IndustryReport.html).

For more details please see the Forex Industry News section of our website at http://www.leaprate.com

# # #

Which Forex firm should I trade with?
LeapRate's Approved Forex Firms list can help you answer that question. LeapRate is an independent research and advisory firm, covering the world of online Forex and CFD trading. Our Approved Firms list highlights Forex firms which in our view do things right – in terms of adherence to proper procedures, regulation, custody of cash, quotes to clients and risk management techniques, among others. LeapRate is followed by thousands of investors and other Forex industry participants via Twitter, email, and our website at http://www.leaprate.com

--- End ---

Click to Share

Contact Email:
***@leaprate.com Email Verified
Source:LeapRate
Phone:(347) 995-1806
Zip:10170
City/Town:New York City - New York - United States
Industry:Forex, Fx
Tags:Finotec, avafx, Forex M&A, forex, fx, forex regulation, Forex Trading
Shortcut:prlog.org/11572648
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share