Orbex Announces Acquisition of HonorFX's Retail Business

On Tuesday (September 12th), the leading forex and CFD broker under multiple regulations Orbex, announced the establishment of a strategic partnership with HonorFX, a regulated offshore forex broker.

According to an Orbex spokesperson, the broker will acquire HonorFX's retail business and retail customers, as a move to expand its presence in Asia and other regions. Orbex is one of the leading brokers in the Middle East and North Africa (MENA) region. HonorFX has offices in Dubai and Malaysia and plans to shift its focus to institutional business.

After the acquisition is completed, HonorFX customers will have access to Orbex's award-winning trading products and services.

"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!"Orbex Chairman Abdallah Abbas commented.

In addition, Abdullah Abbas pointed out that the trading experience for Orbex customers will not be affected during the integration process.