GS Sharestocks Ltd., the operator of stocks broker GetStocks.com, has acquired invest.com from Topic Markets Ltd., the seller said in a notice to clients. The client account transfer will take place on 19 March, 2017.
Both entities fall under the supervision of the Cyprus Securities and Exchange Commission (CySEC). Topic Markets is not authorized to provide services under another brand or domain name. The ownership change has not been reflected neither on the Invest.com website, nor on the website of the Cypriot regulator.
“We are writing to let you know that the invest.com domain and trading platform will be transferred from Topic Markets Ltd. to GS Sharestocks Ltd., which is licensed by the Cyprus Securities and Exchange Commission, authorization number 262/14, on 19/03/2017,” the broker said in the notice.
The transfer is not expected to affect customers and their trading experience. Invest.com clients will continue to use the same platform and log in with the same details they currently have. If they wish their account not be transferred, they can close their positions, receive their available balance and close their account.
“Your current account, trading account, cash balance, transaction history and due diligence information (i.e. any client information and/or documentation including personal data) will be transferred as-is to GS Sharestocks Ltd, with no action required from you (other than as described below), if you wish your invest.com account to remain active,” the broker noted.
Invest.com offers offers a wide range of services, including trading in forex and contracts for difference (CFDs), portfolio management and investment strategies. It offers two proprietary platforms – Simple (for novice traders) and Pro (for more experienced investors).
GetStocks.com is the only domain for which GS Sharestocks has received the CySEC’s approved. The broker provides a platform for stock traded on worldwide exchanges. It offers copy trading services. The broker charges $7.5 per trade on the NASDAQ, NYSE, NYSEMKT or £7 per trade on the London Stock Exchange.