SafeCap Investments continues to exercise a strategy which I think is right for a serious broker entering this market so late – acquisitions, acquisitions and more acquisitions. I announced this deal almost six months ago on my Linkedin Group, it seems it has taken the companies quite a while to actually complete the deal and officially announce it.
Looking back you can see that SafeCap has been looking for a steady direction since its inception. Not being really focused it first launched as 3gforex (early 2009), then rebranded as GFC Markets, afterwards acquiring Finexo (in a deal they regret till today), then rebranding again – to markets.com and now it’s the ForexYard acquisition.
ForexYard is a decent mid-size Israeli broker with robust affiliate program and marketing channels. I suppose this deal took so long because SafeCap people approached it very cautiously unlike the earlier deal with Finexo. I suppose they’ll be more content with the results this time.
For ForexYard clients this is good news as they are stepping under a regulated company’s umbrella. In fact, this is the consolidation we’ve been all talking about – more and more unregulated brokers will either get regulated or cash out.
Here’s the official statement:
We’re proud to announce that ForexYard.com has recently been acquired by SafeCap Investments Ltd., a regulated EU investment firm. The status of your account, funds, open positions and all other applications and services that you’ve been receiving will not be affected. ForexYard Strategy Automator (FSA) accounts will have received a separate letter regarding their open positions and continuity of the FSA service. At the same time, this acquisition of the operations of www.forexyard.com will provide you with significant advantages.
Coming soon: ForexYard.com clients can take advantage of MetaTrader 4 and additional trading platforms
The FX Global Code – Is Self-Regulation the Future of the Industry?Go to article >>
The exceptional and personalized service you’ve come to rely on from ForexYard.com will remain unchanged. We will continue to provide you with the cutting-edge tools and resources necessary to make your online FX and CFD trading all that it can be! However, since ForexYard.com will now be operated by a fully regulated EU investment firm – licensed under the Cyprus Securities and Exchange Commission (CySEC) no. 092/08 and MiFID compliant – the level of security and account protection will improve substantially and meet global, regulatory guidelines which ensure your safe and secure trading experience.
From client funds insured (up to €20,000 per customer) to strict, independently audited business protocols, trade with ForexYard and trade with confidence!
Committed to transparent practices in all our endeavours, in accordance with our Terms & Conditions we hereby notify you that as of March 13, 2011 ForexYard will be transferring your trading account to SafeCap Investments Ltd. The ForexYard team will continue to deliver professional and reliable services. A separate email will be sent to you in respect of the balance of your account as at the transfer date.
In the event that you are not interested in continuing your relationship with SafeCap Investments Ltd., please inform us within 10 days of receiving this notice. If you do not inform us otherwise, it will be understood that you have agreed to the terms and conditions as stipulated by the agreement with Safecap Investments Limited and the balance of the account as indicated above. The Terms and Conditions of Safecap client agreement can be viewed online.
We look forward to continuing – and building upon – this successful relationship in the years to come. Should you have any questions or comments we’re here to meet your needs: you can reach us directly Live Chat, call us at+357 2 203 0397 or email us at firstname.lastname@example.org!