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LeapRate Exclusive… LeapRate has learned that the shareholder of Vantage Global Prime Pty Ltd, the parent company of leading Australia based Retail FX and CFD broker Vantage FX, is expanding into the UK via the acquisition of FCA regulated Retail FX broker Atom8 Financial Services LLP.
Atom8 was established in 2013 by former JP Morgan FX executive David Andrews, and has remained a small but active player in the UK online trading market via its site atom8.com.
We understand that Atom8 will be rebranded as Vantage Global Prime UK.
The expansion by Vantage FX is the latest in a string of leading Australia based, ASIC-licensed Retail FX brokers establishing an FCA regulated presence in the UK.
David Bily, Vantage FX
David Bily, Director of Sales and Marketing at Vantage FX commented:
The acquisition of Atom8 is an exciting new chapter for the Vantage brand.
Our group will use this opportunity to further grow our global footprint in the UK and the European region.
We understand that in the competitive market of forex trading, credibility is key to successful expansion and long-term business continuity. With ASIC and FCA regulated businesses, our group is well positioned to meet the global clientele’s expectations. Our plan is to re-brand ‘Atom8’ as Vantage Global Prime UK and become the leading forex broker in European region.