CXM Group expands to South Africa buying CFDs broker TD Markets
TD Markets is one of South Africa’s leading locally headquartered brokers, serving more than 50,000 active clients across Africa.
TD Markets is one of South Africa’s leading locally headquartered brokers, serving more than 50,000 active clients across Africa.
The transfer of FxPro clients to Capital.com follows CySEC’s approval of the related change of control and client eligibility.
No staff are moving from FXCM UK to Trade Nation with the purchase.
The sale seems to be part of a greater decision by FXCM parent company Jefferies to exit the online retail brokerage business worldwide.
TradeZero generated approximately $80 million in revenue with 81% gross margins in the last twelve months.
Back in 2022, Solid became a minority shareholder in MAS (then known as BidX Markets).
The deal includes client funds in the eight-figure range as well as a four-digit number of accounts.
Skilling will retain its brand while leveraging the group’s advanced technology stack, compliance expertise, and international licenses.
Zvika Barinboim attempted to acquire B2B provider Finalto and CFDs broker Markets.com from gaming tech company Playtech in 2021.
Geely Group will be receiving €802 million ($867 million) for its 49.88% stake in Saxo Bank.