Member Article

Investoo hails 'huge revenue boost' after acquiring world's biggest Forex broker comparison site

Investoo Group, the recently established investment vehicle focused on Forex and retail investment, has acquired 100ForexBrokers.com for an undisclosed sum.

The deal sees the London-based FX affiliate, which is backed by online technology firms Kinetic Investments and Optimizer Invest, snap up one of the world’s biggest Forex broker comparison sites, which currently boasts over 60,000 unique visitors.

Operating since 2008, the site provides users with insight and advice to help them compare Forex brokers from across the world, and becomes Investoo’s largest acquisition to date.

The investment vehicle announced the acquisition of Forex and Binary Options education training service and YouTube channel TradingAxis.com early back in March.

David Merry, Chairman at Investoo Group, explained that acquisitions were a key part of the company’s strategy to expand its presence within the FX sector.

He said: “We are actively looking for partnerships with players in the industry which can add value to our portfolio of websites. A key part of our growth strategy is a building a comprehensive online trading educational package and acquisitions allow us to do that at a much faster pace.”

Adam Grunwerg, who is Chief Executive Officer at Investoo Group, commented: “This acquisition generates a huge boost to our company revenues and user base. 100ForexBrokers.com is already one of the world’s biggest Forex broker comparison websites.

“We aim to capitalize on the 100ForexBrokers.com acquisition by improving its existing commercial arrangements, adding new languages and launching a new mobile responsive version of the website.

“The acquisition also extends our existing reach into the Forex trading industry alongside our educational platform Investoo.com and Forex signals service SnipetheTrade.com.”