Conotoxia, a retail trading arm of the major Poland-based fintech, Cinkciarz.pl has broadened its current FX and CFD offering and launched new investment advisory services with a low entry threshold. The service is already available to retail traders from Europe.

Conotoxia to Offer Investment Advice Services

According to the official announcement seen by Finance Magnates, the advisory service enables retail traders to receive individual investment recommendations on selected financial instruments. Conotoxia reveals that it is the first company in the foreign exchange (FX) and contracts for difference (CFD) industry to offer this product to traders on a large scale with no entry barriers and a minimum capital threshold. It is confident that it may revolutionize how retail brokers build their offerings.

"The introduction of the investment advisory service is another significant step in the development of the Invest & Forex segment. We believe that the knowledge and experience of advisors can help our clients build their own professional investment portfolios and make informed and accurate decisions," Grzegorz Jaworski, the CEO of Conotoxia Ltd. (Cinkciarz.pl's investment service), commented.

The new service was unveiled at the Invest Cuffs 2023 conference held in Poland last weekend. Finance Magnates had the opportunity to interview company representatives, who admitted that with the expansion of the offering, they want to popularize investing with the support of professional advisors. Such services usually have a high entry threshold and are not available to small investors, but Conotoxia plans to change this.

Conotoxia's Investment advice is aimed at European retail traders, specifically from the European Economic Area, including European Union countries and Iceland, Liechtenstein and Norway.

The service will be accessible via paid subscriptions, but the broker has prepared a promotion for users who sign up before June. They will have the chance to try the investment advice for free for a one-month trial period.

In an interview with Finance Magnates, Jaworski confirmed that investment advice would not be based on simple recommendations prepared for the general public, but individually tailored to the needs of individual clients, the size of their portfolio and their risk profile. In this respect, the offer is unique in the FX/CFD market. The advisory team does not execute transactions on behalf of the client but recommends an investment portfolio, and the investor has complete control over its creation.

"Our recommendations and professional market analysis are not commonly available, general market commentaries. Conotoxia Ltd's investment advisor identifies opportunities (including those not previously pursued) and recommends appropriate moves," Jaworski added.

Asked whether investment advice could change individual investors' approach to investing, Jaworski said that this was the goal of expanding the existing offering. Conotoxia says other brokers may also move in this direction in the future.

"We want to popularize investing in the market with professional support. We want investors to be able to have options to invest independently as well as with the support of an investment advisor. In this way, we give our clients a much broader package of services than our competitors. There is no quota threshold for entering into an investment advisory, so we make a professional service available to investors regardless of the size of their portfolio," Jaworski said during an interview with Finance Magnates.

Conotoxia Expands in Europe and Hires New Regional Director

The Cinkciarz brand is a leading fintech firm related to payments and investing in the Polish market. Together with Conotoxia, it is a part of the Conotoxia Holding Group, which includes four companies, two registered in Poland, one in Cyprus and one in the US. Cinkciarz.pl's online currency exchange service was launched in 2010, and in 2015 the Conotoxia brand was introduced to promote the service in international markets.

The company began its expansion into Europe in 2021 when it announced the establishment of a local branch in Poland. Clients are secured by a license obtained from the Polish Financial Supervision Authority (KNF) regarding investment services.

Also, in 2021, the United Kingdom-headquartered LMAX Global decided to transfer the accounts of its Polish clients to Conotoxia. Additionally, it detailed that the migrated clients benefit from the execution of LMAX orders and receive pricing conditions of Conotoxia.

At the beginning of 2023, the company announced that Ireneusz Pukin became the new Director of the company's Polish branch. He replaced Daniel Kostecki in this position, who has been in charge since the branch opened in 2021.

"As the head of the Polish branch of Conotoxia, I will take care of Poles interested in investments in stocks, commodities, indices, cryptocurrencies and FX," Pukin wrote in a LinkedIn post, confirming his appointment almost three months ago.

Conotoxia has sponsored the Chicago Bulls, a US-based professional basketball team, since 2015. However, in 2022, Plus500 signed a four-year partnership deal with the NBA member.