INFINOX Ownership Group Announces Acquisition of Skilling.com

The investment group led by Marc Joppeck announced the acquisition of European CFD broker Skilling.com, pending regulatory approval. This investment group previously acquired another forex and CFD broker, INFINOX.

Founded in 2016, Skilling.com operates under regulation by the Cyprus Securities and Exchange Commission (CySEC) for European clients. The broker also conducts offshore business through its Seychelles Financial Services Authority (FSA) license.

The acquisition followed months of due diligence and negotiations. Financial details of the transaction remain confidential.

Last year, Skilling.com promoted then-Chief Financial Officer George Kyriakoudes to Chief Executive Officer. Regarding the acquisition, Kyriakoudes said: "Joining the portfolio of companies is an exciting step for Skilling and our clients. We are proud of the technology, services, and community we have built, and this deal will allow us to scale these strengths to new heights. "

Following the acquisition, Skilling.com will retain its brand identity while leveraging the group's technological infrastructure, compliance expertise, and international licenses for further development.

BrokersView reminds you

Another noteworthy acquisition has recently emerged in the forex industry. Forex and CFD broker Mistrade has obtained a South African financial license by acquiring Fridah Asset Managers Pty Ltd, a financial firm regulated by the FSCA in South Africa.

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