London-based broker, FXOpen UK expands European operations by acquiring of Cyprus-based broker AMB Prime Ltd. AMB Prime will operate under the name FX Open EU and will open on August 17.
17 July, 2020 | AtoZ Markets – FXOpen UK is an FX broker. It offers currencies, metals and CFDs trading services. The broker is licensed and regulated by the Financial Conduct Authority (FCA) in the UK under FRN: 579202. AMB Prime Ltd. is a brokerage firm that offers liquidity and trading solutions. It also provides Forex currency pairs, CFDs, Metals, Stocks and indices. It is regulated or licensed by the Cyprus Securities and Exchange Commission (CySEC).
AMB Prime Ltd Rebrands to FXOpen EU
FXOpen UK has acquired AMB Prime Ltd. The new name of AMB Prime Ltd will be FXOpen EU and will operate from August 17. Moreover, Gary Thomson stands as the COO of FXOpen UK. Maria Markidou, Director of AMB Prime Ltd., will continue to run the new Cyprus office.
The acquisition will allow expanding FXOpen brand presence across the European region. Maria Markidou also said, “I am delighted and honoured 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 focuses 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.”
FXOpen UK is also improving its trading platforms and core products suite. The broker also added more liquidity providers to the ECN, enabling tighter spreads and deeper liquidity, and reduced commissions. Moreover, Gary Thomson emphasizes that Europe and the UK are the primary target markets for FXOpen. He also said:
“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 seamless continuity of service to our current European clients while continuing to expand our offering and grow our client base, both retail and institutional.”
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