Retail FX and CFDs broker Orbex has announced that it has entered into a “partnership agreement” with offshore broker HonorFX, which will effectively see Orbex acquire HonorFX’s client base.

It remains unclear what will now happen to the HonorFX brand. HonorFX, which is based out of offices in Dubai but is registered offshore (Mauritius and Malaysia), services clients primarily from the Middle East, North Africa and Asia.

Orbex said that the transaction will enable it to cement its position as one of the leading brokers in the MENA region, and expand its presence in Asia and beyond. The company said that HonorFX clients were duly notified of the decision, and the migration process is now reportedly underway.

Orbex Chairman Abdallah Abbas commented on the transaction:

“We are delighted to welcome HonorFX clients to our Orbex family. We believe that this partnership will enhance our competitive edge and enable us to offer even more exclusive terms and benefits to traders across the globe. We look forward to working with HonorFX and supporting their clients in achieving their trading goals!

While we are working closely with our associates at HonorFX to ensure a smooth integration of operations, it is important to clarify that, for Orbex clients it will be business as usual, that is, their trading experience will remain unaffected during the integration process.”

About Orbex

Orbex is a Retail FX and CFDs broker that focuses mainly on clients in the MENA region. The company’s Orbex Ltd operation is based in Cyprus and is licensed by CySEC, while Orbex Global Limited operates from different offices around the world including Mauritius, Kuwait and Jordan.