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FX broker IronFX raises $100 million from Middle East investors
Cyprus based retail FX broker IronFX has announced that the company has arranged a $100 million investment from a major family office investment outfit. We understand that the family office is out of the Middle East, and that the investment will be made by the family office’s regulated fund based in Singapore. The investment will be made in several tranches, with the first tranche (which we believe is in the $10 million+ range) to be made immediately. We understand from sources close to the negotiations that the investors will initially receive one seat on IronFX’s board of directors, and will receive more board ... (full story)