Asia-focused forex broker Fullerton Markets said on Thursday it has entered into a partnership with Hong Kong-based fintech FG Global Enrich, under which the fintech’s clients will gain access to the trading infrastructure of the broker.
“Today marks a new day of growth for us. We have studied many brokerage firms all over the world to see which was the best fit for our needs,” said CK Leong, CEO of FG Global Enrich. “We finally decided on Fullerton Markets because of their corporate branding, management credibility and world-class infrastructure. I am excited to scale new heights together.”
The broker’s white-label partners operate under their own brand name, but receive from Fullerton Markets a turnkey package with customized trading platform with multiple groups which enables them to establish an immediate presence. In addition, by collaborating with an established brokerage, they can leverage on the experience of industry experts, while saving costs on IT, infrastructure, liquidity and operational staff.
“We are pleased to onboard FG Global as a white label partner. They have an extensive network of retail and institutional clients all over Asia and I look forward to support their management team with our core competencies in the brokerage world,” Mario Singh, Fullerton Markets’ CEO, said.
In addition to white-label partnership, Fullerton Markets also has programs for introducing brokers (IBs) and money managers.
The broker is based in New Zealand and licensed by the Financial Markets Authority (FMA) there. However, it is focused on the markets in Asia, where it is one of the fastest growing brokerages. It is a straight through processing (STP) broker that offers trading in forex, metals and contracts for difference (CFDs) on crude oil and indices.
FG Global Enrich is also an Asia-oriented company with more than 20,000 clients in the area. The company offers a trading platform.