The Finnish forex broker FinFX has just released remarkable news, reporting that the firm’s brand and retail clients has been sold to the CySEC regulated broker Best Choice FBC limited”. Currently the firm is operating under the brokerage name BCFXbroker, however with this latest acquisition Best Choice FBC Limited will continue its retail business with the FinFX brand.
According to the brief press release of FinFX the main motive behind this sale is due to restructuring plans, with this incident the firm promises to keep their set objective of continuously improving its customer trading experience. With the sale of FinFX, the firm believes that it will be a significant value for each of their existing and new clients.
For Best Choice FBC Limited, the strategic takeover provides the possibility to continue its retail business under the newly acquired brand. Having FinFX’s legitimate regulation and transparency in place, the firm is able to utilize these benefits to its fullest for their existing client database.
As stated within the publicly announced statement the start of operation has been specified as follow: “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.”