Broker Orbex Acquires HonorFX Retail Business
Orbex says it has acquired HonorFX's retail business and retail customers, as a result of which Orbex will provide trading products and services to HonorFX's customers.。
Forex and Contracts for Difference (CFDs) broker Orbex says it has acquired HonorFX's retail business and retail clients。As a result, Orbex will offer trading products and services to HonorFX's clients.。
Orbex's acquisition of HonorFX's retail business and retail customers is one of its strategic initiatives to expand into the Asian market.。With this acquisition, Orbex aims to strengthen its foothold in the region while allowing HonorFX to shift its focus to institutional businesses.。This strategic decision reflects the growth and specialization goals of both companies in their respective areas of expertise.。
Orbex and HonorFX are both well-known brands in the retail forex / CFD brokerage industry, and Orbex alone offers traders more than 400 CFD instruments, including forex, equities, indices, cryptocurrencies and other asset classes.。
HonorFX is headquartered in the United Arab Emirates and is licensed to operate in Mauritius, Malaysia and Saint Vincent and the Grenadines; Orbex also holds a license in the Seychelles。
The strategic nature of the partnership allows Orbex to strengthen its position in the Middle East and North Africa region, which will further open the door to other Asian markets.。
Abdallah Abbas, chairman of Orbex, said: "We very much welcome HonorFX customers to join the Orbex family.。This partnership will enhance our competitive edge and offer more exclusive terms and benefits to traders worldwide。We look forward to working with HonorFX to support their clients in achieving their trading goals! "
"We are working closely with HonorFX employees to ensure a smooth integration of the business, but the various operations of Orbex customers will continue as usual, that is, their trading experience will not be affected during the integration process.。"
Earlier this year, Orbex launched the new Orbex Prepaid Card and Orbex Card app, expanding its product range.。Orbex Maestro prepaid cards are available to customers in the Gulf region including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates and Palestine。
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