TradeInformer has learned that brokerage group CMC Markets is in advanced talks to acquire the MetaTrader 4 (MT4) client book of German broker FXFlat.
Trading 212 acquired FXFlat last year as part of its efforts to expand into Germany.
The German broker offered its customers access to CFD products using MT4 and MetaTrader 5.
However, that business appears to be steadily winding down. New customers cannot onboard with FXFlat – only to Trading 212 – although existing customers can still use FXFlat’s services.
Trading 212 does not offer MetaTrader products to its customers, most likely because the firm has adopted a model of cross selling into CFDs by marketing itself as an investment platform. MT4 does not really fit with the firm’s desired brand identity as a result.
CMC Markets does not break down its revenue for Germany or Europe. However, it has historically had a stronger presence in Germany than other European countries. The firm does business in the European Union (EU), for example, via an entity in Germany.
The London-listed broker began offering MT4 in 2018. There was a lot of speculation at the time that small and mid-sized brokers would be put out of business by restrictions on leverage in the UK and EU, meaning offering the platform would be a way to pick up that business if those firms did exit the market.
