FINVASIA acquires ActTrader to develop solutions: blockchain, AI, liquidity, risk, social trading

The company has processed over $ 400 trillion in transaction volume and acted as a supplier of core technology to some of the world’s largest financial institutions.

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FINVASIA acquired ActTrader Technologies as the group continues to add companies to its list specializing in the trading sector.

ActTrader is a long-established fintech company, having created one of the first online retail forex trading apps in 2000 and pioneering a WAP-based mobile trading app in 2004.

The company, which was founded in the United States in 2000, continues to grow by developing disruptive multi-asset financial technology products that are used by more than 2 million retail merchants in more than 100 countries.

The company has processed over $ 400 trillion in transaction volume and acted as a supplier of core technology to some of the world’s largest financial institutions.

Sarvjeet Singh, Managing Director of FINVASIA Group, said: “FINVASIA believes in democratizing the financial system and believes that technology can drive this change.

“Uniting our companies will allow us to stimulate new innovations and create fintech solutions that not only meet today’s requirements, but are also flexible enough to meet the technological advances of tomorrow.”

FINVASIA owns several brands in the financial services, fintech, blockchain and technology sectors. The multinational company recently acquired Fxview, which serves customers in more than 25 countries and is registered with more than 6 different regulatory bodies across Europe.

The broker, which has hosted over 2 million unique users on its website and is rapidly gaining popularity in the EU, Asia, Latin America and Africa, has joined its SVG-based entity to the self-regulatory organization Financial Commission for external dispute resolution. services.

FINVASIA is a pioneer in the commission-free investing ecosystem, which ultimately forced established brokers to offer commission-free trading services.

The acquisition will help further development of blockchain and AI based trading applications, a unique social trading platform, robust risk and liquidity management solutions, a variety of plugins and business intelligence tools that will challenge industry standards and push the frontier of Industry Fintech.

Ilya Sorokin, Managing Director of ActTrader, will remain as such, the company becoming a subsidiary of the FINVASIA group. All current management and associates also remain in place.

Ilya Sorokin, Founder and CEO of ActTrader Technologies, said, “This acquisition expands our footprint and strengthens our ability to serve new clients, well and long into the future. As we continue to grow and develop, the ability to provide our customers with innovative next-generation financial technology products is a milestone in our journey. “

ActTrader’s extensive portfolio of end-to-end trading technology products has helped FX brokers, ECN sites and financial institutions transform their trading operations.

FINVASIA is registered with a range of regulatory bodies around the world in various capacities. Finvasia (as well as its subsidiaries and sister companies) is registered with SEC, USA (152771), CYSEC, Cyprus (367/18), FCA, UK (850138), BaFin, Germany (157125), ACPR, France (85051) , CONSOB, Italy (5151), CNVM, Spain (4892), Finanstilsynet, Norway (FT00118545), as well as India.

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