INFINOX is in advanced discussions to acquire retail broker Admirals, though no final agreement has been reached and the transaction remains subject to regulatory approval and customary closing conditions. The scope of the potential deal remains unclear. Admirals operates eight licensed entities across Estonia, the United Kingdom, Cyprus, Jordan, Kenya, and Seychelles, with its Estonian headquarters. The target declined to comment when approached.
Separately, AvaTrade has reportedly submitted an offer to acquire Stratos, the holding company that operates FXCM and Tradu, from Jefferies Financial Group. A competing bid has also emerged from an unnamed cryptocurrency exchange. The proposed acquisition would exclude FXCM Bullion Limited, the Hong Kong entity serving Chinese clients, but would transfer control of the FXCM brand and the less established Tradu label. Neither party has confirmed the deal or disclosed financial terms.
In expansion news, Capital.com has entered South Africa after obtaining both an Over-the-Counter Derivatives Provider licence and a Category 1 Financial Services Provider authorisation from local regulators. The ODP licence permits market-making activities while the FSP licence covers marketing functions. This follows Capital.com’s broader international push, with licence applications pending in Japan and Turkey and senior appointments in Brazil and Chile signaling further geographic ambitions.
FXnCO Insight
The wave of consolidation among established retail brokers reflects margin compression and regulatory costs driving smaller players toward exit strategies, while well-capitalised competitors seek scale and jurisdictional diversification through acquisition.
Source: Finance Magnates