Fullerton Markets buys forex academy FX1 International

Fullerton Markets buys forex academy FX1 International

- in All News, Forex Brokers
fullerton-markets

Asia-focused forex broker Fullerton Markets has fully acquired forex education provider FX1 International, finance news media Finance Magnates reported on Wednesday, citing data by the broker. The exact amount of the deal has not been disclosed, but it represents a seven-digit figure.

“I’m excited to grow with FX1 to provide disruptive brokerage services to their base of clients all over the world,” Fullerton Markets CEO Mario Singh said.

FX1 International will be absorbed into the research and education division of Fullerton Markets. Despite the ownership change,  it will retain its management team.

“This is an exciting time for us to scale even bigger all over Asia. […] This deal will help our vision of bringing world-class Forex education to retail traders all over Asia at a faster pace,” said Maxson Tan, director of FX1 International.

FX1 International offers a catalog of forex educational services, including live programs and an interactive coaching portal. It offers its services to investors in Singapore, Malaysia, Indonesia, Philippines, Vietnam, China, India, Australia, Switzerland, Venezuela and the US.

Last month, Fullerton Markets launched PipBox, a digital tool for affiliates that enables them to share relevant content with clients. The app is available for mobile devices with Android and iOS operating systems. Traders can use it to search the web for relevant and engaging content to share on social media sites like Facebook, LinkedIn and Twitter.

The broker’s research and education services include forex and MT4 tutorials and educational videos, weekly commentaries, as well as weekly webinars.

Fullerton Markets is based in New Zealand and licensed by the Financial Markets Authority (FMA). It was registered in the country’s Financial Service Provider Register (FSPR) in March 2016. 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.

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