Trade Capital Holdings (TCH), which operates brokerage brands like TRADE.com and ArgoTrade, has acquired Spanish online broker ActivoTrade, thus further expanding its investment brands, Finance Magnates has learned exclusively.
Regulated by the National Securities Market Commission, locally known as Comisión Nacional del Mercado de Valores (CMNV), ActivoTrade is one of the largest Spanish brokerage platforms. It has handled over 100 billion euros in trading volume since its establishment around a decade ago.
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Commenting on the acquisition deal, Roei Gavish, Managing Director of Trade Capital Holdings, said: “The acquisition of ActivoTrade fits neatly into TCH’s overall strategy to offer professional and customized access to the trading and investing arena for all trader profiles.”
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Strengthening Presence across Europe
Trade.com, which is the TCH Group’s flagship platform, is already regulated in the United Kingdom, Cyprus and South Africa, and now with a Spain-regulated entity it has strengthened its presence in Europe. The group even outlined that the latest acquisition will help to propel it to become a leading brokerage operator in regulated markets.
“By purchasing ActivoTrade, an already distinguished Spanish brand, we have cemented our reputation as offering the best overall experience on a global scale by focusing on accessible local presence for our clients,” Gavish added.
“This acquisition will allow our large network of clients to enjoy the benefits of TCH’s advanced financial expertise and products, allowing them to gain more from their trading, and to gain access to a wider variety of trading tools, a dedicated infrastructure of customer support, and a larger selection of trading products,” an ActivoTrade spokesperson said in a statement.
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