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FIBO Group Enters German Forex Market, Opens Office in Munich

FIBO Group, the Forex broker based in Cyprus, has expanded its global network of branches by setting its foot in Germany. The company has just announced the opening of a new office in Munich, a well-known financial center not only in Germany but in Europe as a whole.

 
The company has acted seriously when targeting an established market as the German one – it does not simply have a phone that rings from time to time. Instead it has full-blown, brick and mortar premises at the center of Munich. For those who wish to pay the company a visit, here is the address of its new office: Theatinerstrasse street, 11, Fünf Höfe Regus business center. You are welcome during business days from 9:00 to 18:00 local time.
 
It takes some guts to step into the German market, which is highly penetrated by Forex brokers, ranging from smaller ones, like Admiral Markets, to major global players like FOREX.com. The broker will have to show its entire army of services to gain an edge over these rivals. 
 
You may be wondering about the regulation that the broker has to operate in Germany – it does not claim to be regulated by Germany's Bafin. But that's not necessary for the company, as it is regulated by the Cypriot regulator CySEC and hence can provide Forex services all over the European Union – more particularly, in all countries governed by the MiFID directive. So, FIBO's new branch is totally legitimate and trustful. 
 
The Munich office adds to the numerous branches that FIBO has across the globe – in fact, you may not even suspect that a company that started as a small Cypriot start-up has reached that far. In May 2006, for example, it opened an office in China's Shanghai and, to mention a more recent spurt of expansion, the broker's Australian business Fibo Australia Pty Ltd secured a license (number 439907) from the Australian Securities and Investments Commission (ASIC) in October this year. 
 
Meanwhile, Germany continues to attract more and more Forex companies – last month, TradeNext – the UK Forex broker, announced its plans to grow in Germany too. Obviously, the harsh climate and strict discipline, as well as the tradition to preserve the order continue to turn the major European economy into a hotspot for the financial industry.
 
 

About FIBO Group

 
The International Financial Holding FIBO Group comprises a group of companies whose main business area is margin trading in financial instruments. Clients can benefit from a number of investment products, including Spot Forex, Futures/Options, CFDs and Spot Gold. The brokerage is headquartered in Limassol, Cyprus, and is therefore regulated by CySec – the Cyprus Securities and Exchange Commission. As of May 2006, FIBO also has a functioning office in Shanghai.
TAGS: fibo group  fibo group forex broker  fibo group germany  forex market  germany forex  munich  cyprus forex broker  forex expansion  corporate branch  new office 

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