Investoo Group, a foreign exchange and CFDs trading affiliate, announced on Thursday that it has entered into the Scandinavian markets, with the firm purchasing – not one – but two of the regions leading trading and investment advice websites.
The companies in question are ScandiTrader.com and TradingPortalan.com. The acquisition of the websites marks a turning point in Investoo’s strategy to penetrate further non-English speaking and emerging markets.
The two websites join the ever-expanding portfolio of Investoo. Only in August, Finance Magnates reported that the group had breached the US market by acquiring the trading resource VantagePointTrading.com.
Together, Investoo will utilize the multilingual financial websites for educational purposes. Specifically, they will do this by providing industry reports, news and market analysis to new and existing audiences.
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Commenting on the double acquisition, David Merry, CEO and Chairman of the Board of Investoo Group, said: “We are delighted to welcome ScandiTrader.com and TradingPortalen.com to our diverse range of financial brands.”
“With a strong presence in their home nations and a track record for providing quality trading advice, we are certain that the purchases will help us to achieve our ongoing mission of extending our global reach, whilst providing audiences with quality consumer financial products.”
About TradingPortalen.com and ScandiTrader.com
Founded in 2009, TradingPortalen.com provides trading advice. Since its inception, the firm has gathered a solid following thanks to the website’s columnists who provide regular expertise on the trading sector. Through the website, readers can learn or enhance their trading skills. They can also learn more about financial topics such as money management, financial markets, and CFDs, via online guides, articles, and videos.
ScandiTrader.com, on the other hand, was established in 2016. It provides online trading resources for Danish, Norwegian, and Swedish users. The website is tailored for both beginner and experienced traders. Through its website, users have access to online trading resources within CFD and forex trading.