Finvasia Group acquires FCA and CySEC-regulated broker Fxview
The acquisition could reinforce Fxview’s low-cost model as Finvasia is known to offer zero commission (brokerage fees, clearing fees) “forever” on its offering, including stocks, ETFs, bonds, mutual funds.
Finvasia Group has acquired a 100% stake in Cyprus-based retail FX and CFD broker Fxview for an undisclosed sum.
Sarvjeet Virk, Managing Director of Finvasia Group, commented: “We’re delighted to add Fxview to our portfolio. Europe remains a key strategic priority for our business. Fxview’s acquisition gives us a significant presence in the European market, complementing our already well-established operations in United Kingdom.”
Fxview services clients in over 25 countries and is registered with over 6 different regulatory bodies across Europe. The broker has hosted over 2 million unique users on its website and is gaining popularity swiftly across the EU, Asia, LATAM, and Africa, according to the firm.
Its business model focuses on low commissions, thin spreads, multiple platforms and trading tools with an user friendly interface.
The acquisition could reinforce Fxview’s low-cost model as Finvasia is known to offer zero commission (brokerage fees, clearing fees) “forever” on its offering, including stocks, ETFs, bonds, mutual funds.
Fxview is a brand owned and operated by Charlgate Ltd, which operates under the European Markets in Financial Instruments Directive (MiFid) and is regulated by CySec under license 367/18 since 2018 and is a Member of the Investor Compensation Fund (ICF).
Charlgate Ltd is also registered with the UK Financial Conduct Authority – FCA ( 850138), the German Federal Financial Supervisory Authority – BaFin ( 157125), the French Autorité de Contrôle Prudentiel et de Résolution – ACPR ( 85051), the Italian Commissione Nazionale per le Società e la Borsa – CONSOB ( 5151), the Spanish Comisión Nacional de Mercado de Valores – CNVM ( 4892), the Norway Finanstilsynet – ( FT00118545).
Daniela Egli, Executive Director of Charlgate, said: “Since we started, our goal has been to provide our clients with the best possible forex trading resources and experience which is backed by state of the art technology. Finvasia is a global leader in the Fintech space and we believe this acquisition by Finvasia Group is the best way for Fxview to continue to fulfill that mission.”
Finvasia is a fintech giant with offices in India, UK, Cyprus, and Australia. The group owns multiple brands in financial services, fintech, blockchain, real estate, healthcare, and technology sectors.
The multinational organization is registered with the SEC, Reserve Bank of India as an NBFC, National Stock Exchange of India as Professional Clearing member(M51912), Bombay Stock Exchange(4043), Multi Commodity Exchange of India(55135) and NCDEX as Trading Member(01259), Association of Mutual Funds of India(103331) and CDSL as Depository Participant(12084300).
