Retail FX and CFDs broker CAPEX.com has announced what amounts to its first M&A deal, acquiring the book-of-clients of WiredMarket.com, thus expanding into the Greek market.
WiredMarket.com, founded in 1991, is an online CFDs broker based in Athens, Greece.
Octavian Patrascu, CEO and Founder of CAPEX.com said:
“We are delighted to announce the acquisition of WiredMarket.com’s book of clients, which is in line with our growth strategy and strengthens our position in the Greek market. We are excited to welcome Wiredmarket.com’s clients to our platform, where they will instantly benefit from a wider range of products and services, from CFDs Trading to Investing in shares, integrated analysis tools, and attractive trading conditions.”
The company said that the acquisition of WiredMarket.com’s clients will strengthen CAPEX.com’s position in the market and is part of CAPEX.com’s ongoing commitment to growth and expansion in the online fintech industry.
“We see consolidation in the market as a positive development, and the current macroeconomic conditions and competitive landscape are favorable for such consolidation,” added Patrascu. “We are currently exploring other opportunities, and this acquisition is just the beginning of our expansion plans.”
“Our expertise in the financial industry and dedication to the highest level of service will ensure that our new clients receive the best possible trading conditions on our platform. We believe that this acquisition is a win-win situation for both companies and our clients.”
About CAPEX.com
Capex.com, which rebranded from CFD Global.com in 2019, is a MENA focused broker owned by Key Way Group Ltd, a Romania based, Gibraltar domiciled fintech investment group. The company is controlled by founder and CEO Octavian Patrascu. Capex.com subsidiaries hold operating licenses from the Cyprus Securities and Exchange Commission (CySEC), the Abu Dhabi Global Market Financial Services Regulatory Authority, and the Financial Sector Conduct Authority (FSCA) in South Africa.
