The group of investors that owns brokerages INFINOX and M4Markets announced the acquisition of Skilling on Thursday.
Regulated in Cyprus and the Seychelles, Skilling has historically focused on the Nordic markets.
The broker was founded by a group of former iGaming executives from the Nordic region in 2016 and was originally going to focus on binaries. After those products were banned in Europe, the company switched into offering CFDs.
Although the broker does focus on Nordic markets, it also has a presence in some emerging market countries as well.
The group of investors behind the acquisition is lead by Marc Joppeck, a former StoneX and Deutsche Bank executive.
The group acquired INFINOX last year, as well as M4Markets, which has licences in Cyprus, the Seychelles, and the UAE.
Multi-brand operations are not uncommon in the online trading industry. For example, INFINOX’s prior owner also operates a number of other large brokerages. Similarly, the owners of IronFX operate multiple brands globally.
