The Cyprus-regulated binary options broker Anyoption is reportedly merging with Invest.com – a portfolio management, forex trading and trading platforms provider.
According to the report of the site Finance Magnates, the combined company will be led by Invest.com, but the value of the deal remains unclear.
The two companies will combine their licenses and this means that Invest.com would be able to onboard clients from South Africa on the back of Anyoption’s license, for example. The new company will also reportedly keep the binary options portfolio offered by Anyoption, plus the portfolio management services offered by Invest.com. The binaries broker will also bring to the table its extensive client database.
Anyoption is a properly regulated binary options broker that has been on the market for nearly 10 years. It holds a license from the Cyprus Securities and Exchange Commission (CySEC), with which it has been in some trouble last year. Despite this and the recent closure of its Israeli call center, the broker has remained in business. Most likely the merger with Invest.com is part of the binary options brokers’ ongoing efforts to diversify their offering, following the mounting pressure against binary opitons.
Invest.com is also regulated by CySEC. It 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).
Earlier this year Invest.com was acquired by GetStocks.com.