Invest.com Acquires Anyoption which Terminates Binary Options Offering

Now it’s official: portfolio management provider Invest.com announced today the acquisition of binary options provider Anyoption and its affiliated cluster of companies. A crucial part of the acquisition determines that Anyoption will terminates its binary options activity. Following the consolidation the company will offer structured products, portfolio management, stock trading and CFDs.

The pending merger is awaiting CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term approval.

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As Finance Magnates exclusively reported two weeks ago, Invest.com will consolidate the main asset of Anyoption: an active portfolio of customers, a global set-up of financial licenses including from CySEC of Cyprus (under Ouroboros Derivatives Trading Ltd) and the Financial Services Board of South Africa, vetted regulatory and compliance procedures, personnel experienced in online marketing and Anyoption’s tech infrastructure.

Itai Avneri, the future joint CEO of the merged group, says: “We are confident that the cooperation between the companies and the joint and new product offering will give added value to our three million customers and will continue to lead the industry with high standards of professionalism, customer service, product and regulation.”

Invest.com was founded almost three years ago by Moshe Hogeg of Singulariteam, who later led a $20 million investment round together with Chinese social network Renren and other private investors.

Back in 2014, up to $5 million was paid for the domain Invest.com in order to penetrate the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry with an all-assets brokerage site. Invest.com was launched as a portfolio management website in May 2016. The new platform mainly targeted the United Kingdom, aiming to give retail clients access to alternative investments.

Ouroboros Derivatives Trading Ltd, which operates Anyoption.com, got its CySEC license (no.302952) back in 2012. Ever since, it has been one of the better-known brands in the industry. However regulatory pressure against the binary options industry in its country of origin has brought an increase in expenses which has taken its toll.

Back in August 2016 the company opened two new offices, in Bulgaria and Cyprus, as part of the exodus of binary options providers from Israel. Two months later the company was granted a Portfolio Management and Investment Advice license from CySEC.