Fintrix Markets Buys Offshore CFD Broker Aksys

Fintrix Markets has widened its retail trading reach by buying Mauritius-regulated contract-for-difference (CFD) broker Aksys Global Markets. The deal was completed last month after receiving regulatory approval.

The New Owner of Aksys

Aksys was co-founded by Walid Abousleiman in 2022. The broker’s name echoes Abousleiman’s earlier venture, Aksys Capital, a non-bank-affiliated financial services firm in Lebanon.

Fintrix told FinanceMagnates.com that Abousleiman “will not remain involved moving forward”, without giving further organisational details.

The broker has its headquarters in Mauritius and a “growing base of active traders in Asia and the Middle East.” It offers CFD instruments such as forex, commodities, indices, equities and cryptocurrencies, and provides trading only on the MetaTrader 5 platform.

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“Clients can expect continuity in service, with added benefits over time including broader product access, stronger platform infrastructure and enhanced support across multiple regions,” a statement by Fintrix noted.

Mauritius is one of the most popular offshore locations for CFD brokers. Recently, Jacob Plattner, the former CEO of Scope Markets, started a new Mauritius-regulated brokerage, while last year Bartosz Bielec, a former director of Admirals and CCO of Alpari, set up another broker on the island.

Several other established brokers, including ActivTrades, Exness and Deriv, also run offshore operations from Mauritius. EC Markets recently opened a new office there.

Brand Consolidation Incoming?

The holding company of Fintrix was set up in Australia last year. It also formed a unit in Saint Lucia earlier this year to act as a retail CFD broker under the Fintrix Markets brand. However, a notice on the website states that the platform “is not currently offering services or onboarding clients.”

After buying Aksys, it is unclear whether Fintrix will keep two retail brands or merge them.

Although the backers of Fintrix have not been named, the company said: “Founded by a team of industry professionals with over 40 years of combined market experience, Fintrix Markets Group has rapidly built its global brokerage offering. The business is grounded in client-centric service, trusted execution and secure, reliable technology.”