Colmex Acquires Matach24 as Israeli Forex Market Keeps Consolidating

[kreslik.news]

The Israeli branch of Colmex has bought out its rival Matach24 after the latter failed to receive authorization to operate in Israel. This is Colmex’ second acquisition of a fellow Israeli forex broker following its acquisition of Smart Capital last June. Colmex has confirmed to Finance Magnates the details of the deal.

As many expected, the licensing process has caused the local forex industry to consolidate, as only 6 out of the 21 companies that applied for a license made it the whole way.


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