Broker Go Markets spreads its wings to Europe by acquiring Galactus Ltd.

Obtaining regulation from various regions becomes one of the forex brokers' strategies to overcome challenges that arise in the financial industry. Don't want to be left behind, broker Go Markets spreads its wings to Europe by acquiring Galactus Ltd.

Go Markets Begins Its Expansion To Europe

 

Go Markets is a broker from Australia, while Galactus Ltd is a CySec regulated broker with regulation number 322/17. Reported by Finances Magnates [dot] com, Christopher Gore as CEO of GO Markets stated that their company has been targeting European markets and preparing several big news in 2020. This acquisition also aims to build businesses foundation with clear regulations.

 

 

Go Markets Become a Multi-Regulated Broker

Throughout 2018, broker regulation became a hot topic in forex industries. The Australian Securities and Investments Commission (ASIC) is following European regulators in applying various new policies. This change applies to restrictions on the leverage and prohibition of trading binary options for retail traders.

Currently, Australian regulators are proposing the use of a single leverage ratio of 20: 1 for forex trading and 2: 1 to 20: 1 for other instruments. To provide more flexible trading conditions, Go Markets responded to the challenge by acquiring various regulations. In addition to European regulations obtained by the acquisition of Galactus Ltd, Go Markets has also expanded into the MENA area in April 2018.