Retail FX and CFD broker Accuindex has come “onshore”, with the Mauritius licensed, UAE investor controlled broker announcing today that it has acquired 100% of the share capital of the Cyprus operations of another Forex and CFD broker, CySEC licensed Ruizean Markets Ltd.

Ruizean was established in Cyprus in 2017, controlled by several Australia based Chinese nationals. However the owners did not do much with the operation since then.

To this extent, the company’s name has been changed to Accuindex EU Limited. The new Cyprus office is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 340/17.

Accuindex stated that its operations shall entail the provision of brokerage services to both retail and professional investors, with the company planning mainly to strengthen its services across key European markets. This new addition to Accuindex enhances further the already well-established international operations of Accuindex across the Middle East and East Africa.

Following the abovementioned acquisition, Mr. Samer Mourched, Chief Operating Officer of Accuindex Ltd, pointed out the following in a statement:

“We are very happy about this acquisition. This new addition to Accuindex’s operations reflects the strength of the strategic position we have built in the industry. Europe is a key market for us and having the CySEC regulation and a local office gives us a significant presence in the continent. Our aim is to accommodate the needs of our clients and provide a safe and regulated ecosystem for trading of financial assets internationally.”

The acquisition comes at a time when Accuindex is trying to strengthen its position and its regulated activities in order to win a larger share of the Forex and CFD markets.

The new Cyprus office will be headed by the Executive Director of Accuindex EU Limited, Mrs. Maya Radoslavova, whom the company said brings many years of experience in the fields of online trading, sales, management, risk management, and business strategy. The new office will be providing dedicated customer support in various languages under the local regulation.

Accuindex Ltd is authorized and regulated by the Financial Service Commission (FSC) in Mauritius (License No GB19024778).