Poland-based payment and forex exchange provider Cinkciarz.pl today advertised the launch of its retail FX operations through its brand-new business and website Conotoxia.com. Users of the popular online exchange and money transfer operator can now access the FX market directly through a dedicated trading account.
The new subsidiary is an investment firm licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), and specializes in providing foreign exchange currency trading.
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Cinkciarz originally announced the launch of Conotoxia brand earlier this month, but only to offer the same services available through its existing products: currency exchange, money transfers, and payments. The two brands were supposed to be functioning alongside one another, using the same registered graphic trademark, but one now embraces a fully regulated retail brokerage offering.
Adding the forex markets to Conotoxia’s existing payment services not only appeals to its current clients, but also provides a diversification opportunity for the company.
Until recently, Cinkciarz.pl was associated with the currency exchange in three models: bank account transactions, currency wallet transactions and social transactions. As such, the driving force behind Conotoxia becoming a brokerage firm is to cash in on loyalty of its multinational customer base and also to provide a more integrated, seamless, single source of FX transactions.
“Introducing the Conotoxia brand to the market is a direct result of the company’s development and global expansion. The Conotoxia brand marketing campaign will be launched during the 2017 UEFA European Under-21 Championship,” said Kamil Sahaj, Cinkciarz CMO.