Orbex announced a new partnership agreement with HonorFX, another forex and CFD broker. With HonorFX offices in Dubai and Malaysia, the trading platform expands its footprint into Asia.
Orbex expands trading enterprise with HonorFX acquisition
Upon sealing the deal, HonorFX clients can freely access Orbex products and services. In a media statement on its website, the company said:
The partnership will enable us to cement our longstanding position as one of the leading brokers in the MENA region and expand the brand’s presence in Asia and beyond. The move will not only bolster Orbex’s growth trajectory but will also broaden the trading possibilities for our expanding client base in new markets, including Asia. At the same time, HonorFX clients will be able to benefit from Orbex’s multi-regulated and award-winning trading environment.
Orbex indicated these products and services would include competitive and low trading costs, exclusive analytical tools, expert education, and access to more than 400 CFD instruments. According to Orbex, these include forex pairs, cryptocurrencies, commodities, and stocks.
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Experts view the acquisition as a win-win agreement for both sides, as HonorFX can now focus on institutional business. This deal also gives Orbex a foot in the door of other Asian markets. The company’s Chairperson, Abdallah Abbas, commented:
We are delighted to welcome HonorFX clients to our Orbex family. We believe that this partnership will enhance our competitive edge and enable us to offer even more exclusive terms and benefits to traders across the globe. We look forward to working with HonorFX and supporting their clients in achieving their trading goals.
