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Orbex acquires Retail FX clients of HonorFX
Retail FX and CFDs broker Orbex has announced that it has entered into a “partnership agreement” with offshore broker HonorFX, which will effectively see Orbex acquire HonorFX’s client base. It remains unclear what will now happen to the HonorFX brand. HonorFX, which is based out of offices in Dubai but is registered offshore (Mauritius and Malaysia), services clients primarily from the Middle East, North Africa and Asia. Orbex said that the transaction will enable it to cement its position as one of the leading brokers in the MENA region, and expand its presence in Asia and beyond. The company said that ... (full story)