ATFX makes strategic move into Australia with acquisition of Rakuten Securities Australia
July 05, 2023 - Global CFDs broker ATFX has broadened its global reach with the acquisition of Rakuten Securities Australia Pty Ltd ("RSA"). This move reinforces ATFX's position in the Australian market while simultaneously expanding its worldwide presence.
Japanese online broker and e-commerce group Rakuten, which has been providing FX services since 2013, entered the Australian market in 2016 with the acquisition of FX broker FXAsia Pty Ltd.
This acquisition by ATFX is seen as a strategic step by ATFX in bolstering its position as a globally recognised and trusted online broker offering innovative trading solutions. Gaining RSA, ATFX acquires a well-established customer base and a team of skilled industry professionals.
Joe Li, Chairman of ATFX, shared his views about the acquisition, "We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that our clients receive the highest level of service."
Clients of RSA stand to gain from this transition as they will have access to ATFX's extensive product offering and robust trading infrastructure. ATFX's comprehensive range of trading services combined with its client-centric approach is expected to offer a seamless trading experience for both new and existing clients.
As ATFX extends its global operations, the company maintains its commitment to adhering to the highest regulatory standards. It will continue to be strictly regulated by prestigious bodies including the FCA in the UK, CySEC in Cyprus, SCA in the UAE, FSA in Mauritius, and now ASIC in Australia. The acquisition of RSA will be carried out in full compliance with all relevant regulatory requirements to ensure a smooth transition for clients and stakeholders.
Recently ATFX expanded into Iraq with its partnership with Ashur Bank. Earlier this week ATFX Connect, the institutional arm of ATFX, announced its commitment to the Global FX Code of Conduct, joining the Code’s standards to promote integrity, fairness, transparency and the effective functioning of the global foreign exchange markets
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