Exclusive: TRADOLOGIC Raises $10 Million From a Group of Strategic Investors
An agreement to allocate 20% of TRADOLOGIC's shares will allow the binary options company to expand to Asia. Investors are
Forex Magnates has learned that binary options provider, TRADOLOGIC, successfully raised $10 million from strategic investors in an agreement signed recently.
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According to a statement from the company that was released today to Forex Magnates, half of the investment will be received immediately by TRADOLOGIC, and the other half will only be received at a later date, “after it is decided on TRADOLOGIC’s strategic roadmap.”
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According to the agreement, 20% of the total shares of TRADOLOGIC will be allocated to the new investors, giving the firm a valuation of $50 million. The existing shareholders will keep their current majority and control.
As detailed by TRADOLOGIC, the group of new investors includes financial institutions from Hong Kong and Russia, as well as what the company calls: “A popular technology company which operates in the sports betting industry.” The investors have been said to be looking into the binary options market for a while now.
The funds provided by the new investors to TRADOLOGIC will be used for establishing a branch in Asia and to seek more partnerships around the world, according to the company’s written statement.
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Yah right. Gabi and Shalom will invest 10M in valuation of 50M. Funny.
Yah right. Gabi and Shalom will invest 10M in valuation of 50M. Funny.
50 mil $ valuation, that is awesome!!
War is over?
It’s work not war!
50 mil $ valuation, that is awesome!!
War is over?
It’s work not war!
I know that the same people that just invested in Tradologic were also in talks with Techfinancials for the same type of deal. I also know that they are an operator and they have their own Binary brand (that recently migrated to Tradologic) …
I know that the same people that just invested in Tradologic were also in talks with Techfinancials for the same type of deal. I also know that they are an operator and they have their own Binary brand (that recently migrated to Tradologic) …
50 mil valuation needs to represent a minimum of 12-15 mil yearly income from operators.
is this the number?
50 mil valuation needs to represent a minimum of 12-15 mil yearly income from operators.
is this the number?
@Jon – spreads are based on individual relationships with LPs. Therefore, any interbank spread averages aren’t indicative of what anyone else would receive.
@Jon – spreads are based on individual relationships with LPs. Therefore, any interbank spread averages aren’t indicative of what anyone else would receive.
All the rumor are stupid , everyone that been in TRADOLOGIC’s seminar in Bulgaria know who are the partners from Hong Kong – the guy spoke there..
you mean this one? it was held for moderation just like all comments. i see your email address belongs to a law firm, did you represent this client in his complaint with the nfa? who’s the spinner now? i guess you haven’t read any of the posts made on our site otherwise your comment about ‘spin a broker screwing’ would seem as inane as it really is, just read our posts about alpari, fxdd, fxcm, gain, etc. but why waste time reading old posts if you can just whatever you want in your comment and go on your way, right?… Read more »
you mean this one? it was held for moderation just like all comments. i see your email address belongs to a law firm, did you represent this client in his complaint with the nfa? who’s the spinner now? i guess you haven’t read any of the posts made on our site otherwise your comment about ‘spin a broker screwing’ would seem as inane as it really is, just read our posts about alpari, fxdd, fxcm, gain, etc. but why waste time reading old posts if you can just whatever you want in your comment and go on your way, right?… Read more »
All the rumor are stupid , everyone that been in TRADOLOGIC’s seminar in Bulgaria know who are the partners from Hong Kong – the guy spoke there..