Brokerage group INFINOX is planning on acquiring rival brand Exclusive Markets, TradeInformer has discovered.
The broker is backed by a group of investors, led by Marc Joppeck, a former StoneX and Deutsche Bank executive.
If it goes through, this would be at least the fourth brand that the investment group has acquired in the online trading industry.
The company now operates INFINOX and M4Markets, with the group also announcing on Thursday that it will acquire Nordic-focused broker Skilling.
Like Skilling, Exclusive Markets operates with a Seychelles license.
The broker, which was founded has Middle Eastern and Vietnam-focused URLs, as well as its generic global one, which provides some indication as to where the broker is likely doing business.
Any acquisition would have to be given the green light by the regulator, which TradeInformer understands is yet to happen.
Exclusive Markets was founded by Viktor Madarasz, a Canadian entrepreneur based in Cyprus. Madarasz appears to still be the majority shareholder of the business.
