ATFX Enters Australia by Acquiring Local Rakuten Securities Subsidiary

<p>Online contracts for differences (CFDs) broker <a href="https://www.financemagnates.com/tag/atfx/">ATFX </a>has entered the Australian market with the acquisition of Rakuten Securities Australia Pty Ltd (RSA), a subsidiary of Rakuten Securities, Inc. RSA provides margin forex and CFDs trading services with an Australia Financial Services License.
</p><p>ATFX Acquires Rakuten Securities Australia
</p><p>Announced today (Wednesday), the acquisition has provided ATFX with a well-established customer base. The deal also included acquiring the staff of RSA, who have now become a part of ATFX.
</p><p>"We are thrilled to welcome RSA into the ATFX family," said Joe Li, Chairman of ATFX.
</p><p>"This acquisition presents a significant opportunity for us to expand our presence in the <a href="https://www.financemagnates.com/tag/australia/">Australian market</a> 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."
</p><p>However, neither the parties disclosed the financial terms of the deal.
</p><p>Expanding Global Footprint
</p><p>ATFX is a popular CFDs broker brand with an extensive presence in the Asia-Pacific and Europe. The broker operates with licenses from regulators in the United Kingdom, Cyprus, Mauritius, as well as Saint Vincent and the Grenadines.
</p><p>It has a presence in the Middle East, as it entered Jordan last year with a partnership deal with an Ammam-based brokerage and investment firm, ASWAQ Invest. The FX/CFDs broker also opened a Jordanian office to expand its services to the Levant region. Recently, it <a href="https://www.financemagnates.com/forex/atfx-solidifies-middle-east-presence-with-new-uae-license/">strengthened its presence in the Middle East</a> by obtaining an Arrangement and Advice license from the UAE Securities and Commodities Authority (SCA).
</p><p>With the latest acquisition in Australia, the existing clients of RSA will be transitioned to the ATFX platform.
</p><p>"ATFX's comprehensive range of trading services, coupled with its client-centric approach, will provide a seamless trading experience for both new and existing clients," the official announcement noted.</p><p>New COO at Marex; LCH RepoClear's service merger; <a href="https://www.financemagnates.com/forex/news-nuggets-5-july-new-coo-at-marex-lch-repoclears-service-merger/">read today's news nuggets here</a>.</p>

This article was written by Arnab Shome at www.financemagnates.com.