CFH Group to open up retail FX industry after Tradimo Interactive deal

CFH Group to open up retail FX industry after Tradimo Interactive deal

Tuesday, December 9, 2014

CFH Group, a global holding company that specialises in online trading services, is aiming to use its recent acquisition of a 50 per cent stake in Tradimo Interactive to help attract more people into the retail FX industry.

The agreement, which has been negotiated over the last couple of months, will map onto CFH Group’s strategy of covering all areas of interest to brokers.

Tradimo Interactive is the owner of Tradimo.com, an online trading school set up in 2012 by the team behind PokerStrategy.com. More than 1.6 million users have already accessed various services on the website to learn skills associated with the online trading sector.

Owned by Etruvian, Tradimo Interactive has also recently released a new mobile game-based application in an effort to attract new traders to the retail FX industry. The game is expected to launch during the second quarter of 2015.

Speaking to TotallyGaming.com about the acquisition, CFH Group chief executive Christian Frahm has already identified a number of synergies between the two companies and aims to utilise these in order to attract more people to the market.

“We were keen to acquire a stake in Tradimo Interactive because, like the other companies in our group, it is an innovator and market leader, with a world-class offering and huge potential for global growth,” Frahm said.

“It also addresses a crucial aspect of broker needs that we didn’t already cover off within our existing portfolio.

“There are a lot of synergies between the existing businesses in the CFH Group and Tradimo Interactive. Tradimo Interactive will help to attract more people into the retail FX industry, bringing in more clients for our clients. 

“Whilst we can tap into their expertise in viral marketing, Tradimo will benefit from being part of our extensive network with the world’s leading brokers as well as our wealth of experience in the industry. There are significant opportunities for both businesses to benefit from the acquisition.”

Frahm also highlighted how the acquisition forms part of CFH Group’s wider strategy in terms of growth moving forward.

“For now, we need to maximise the opportunities created by acquiring Tradimo Interactive,” Frahm said. “However, we continually assess appropriate opportunities to strengthen the group – whether through acquisition, investment in our technology or by growing our teams and expanding our presence with more offices around the world.”

 

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