M4Markets, which offers forex and contracts for differences (CFDs) trading services, announced on Tuesday that it has completed a capital raising round with the sale of a ‘significant stake’ to a strategic investor.
However, the company did not disclose either the identity of the new investor or the amount it has received. The percentage of the sold stake is also not known.
“Raising capital and attracting investors has been a priority over the past few months as we realized that M4Markets has grown exponentially, and we needed to optimize our technology and service offering in order to cater to our ever-growing client base,” M4Markets’ CEO,
The broker has several plans with freshly raised proceeds. It wants to utilize the capital in accelerating growth by automationand services with the implementation of advanced technologies and