LONDON, March 26, 2015 /PRNewswire/ —
ETX Capital, the UK-based online Forex, CFD and Spread Trading platform provider, has acquired the client list of Alpari (UK) from special administrators KPMG.
"We are very excited about this deal as it complements two of our main strategic drives: the expansion of our MT4 offering and the continued expansion of our international customer base," said Andrew Edwards, CEO of ETX Capital. "We know that the last few months have been difficult for these Alpari customers; our multi-platform multi language capabilities make us best placed to address those clients’ needs. Whilst the clients may pursue their funds themselves through the administration process, we hope they accept our offer of assistance in facilitating a smooth transition of their funds to ETX Capital."
John Wilson, ETX Capital’s Chairman said, "At ETX Capital we have had a very good first quarter despite the issues that brought down Alpari; following on from record revenue and profits in 2014, this deal will further accelerate our growth and increase momentum."
ETX Capital (ETX) is a leading UK-based, global provider of online trading solutions to the international retail marketplace. Its clients trade Forex, CFDs and Spreads using both MT4 and proprietary platforms on a wide range of assets from FX, indices and commodities through to individual equities.
ETX Capital’s predecessor was incorporated in 1965 and the company has been offering online trading since 2002. Today it offers trading in some 6,000 instruments across 20 national and international markets and operates with 150 staff based in the UK as well as having offices in a number of international locations.
Notes to Editors
ETX Capital is based in the City of London and is authorised and regulated for all its activities by the Financial Conduct Authority – register number 124721 – and customer funds up to GBP50,000 per customer are protected by the Financial Services Compensation Scheme in case of default.
ETX is a private company owned by the partners of JRJ Group, a private equity investment firm with a core focus on the financial services sector, as well as the shareholders of BXR Group, an international private investment firm with an 18 year track record and multi-billion dollar portfolio.