FXFlat Bank AG, a German forex and contracts for differences (CFDs) broker, has expanded its base beyond its home country by entering a neighboring country, France.
“France is the 2nd country in the EU after Germany with the most experienced investors. There are more than 1 million investors, and we expect to see continuous growth in the next [few] years,” said Raphael Leblond, who will be heading FXFlat’s business in France.
Leblond joined the broker earlier this month. He is well-experienced in the trading industry and spent the last nine years of his career with FXCM, another big name in the brokerage industry.
Expansions Ahead
The expansion into France came as a strategic move for the broker. In addition, the broker is operating in the Netherlands and is now planning to expand its services all over Europe.
Founded in 1997, FXFlat is registered in Germany and licensed by BaFin. It will passport its German license to offer financial instrument trading services to investors in France.
“They will be able to benefit from a wide range of instruments, a protection of their funds as well as free training,” Leblond added. Indeed, the broker is offering more than 1,200 trading instruments from a range of asset classes like forex, indices, stocks, commodities and metals. And, it will offer protection of up to €500,000 for the deposits of every client.
Moreover, the broker is attempting to tap newbie traders by educating them and will conduct seminars in Paris. Furthermore, as an initial push to establish itself in France, the broker is participating in a local trade fair in March.
“This is a must-attend event for all trading enthusiasts in France. It will allow us to get to know French investors and to introduce this new brand in France,” said Leblond.
