FNG Exclusive… FNG has learned that London/Sofia based online broker Trading 212 has acquired Germany based Retail FX and CFDs broker FXFlat.
The parties did not disclose the financial terms of the transaction.
FXFlat is a Ratingen, Germany based Retail FX and CFDs broker, licensed by German financial regulator BaFin, and focused mainly on the German, French, and Dutch retail markets. The company has been around since the late 1990s, and has been run since 2004 by CEO Rafael Neustadt. FXFlat previously operated as introducing broker to a number of leading global brokers including both Forex.com and FXCM.
Trading 212 is controlled by Bulgarian entrepreneurs Borislav Nedialkov and Ivan Ashminov, and has been run since 2021 by London based CEO Mukid Chowdhury.
