FX and CFDs broker Conotoxia launches investment bank advisory services

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Conotoxia is expanding its current forex and contracts for difference (CFD) offering. The retail trading division has unveiled new investment bank advisory services using a low entry threshold. The service will be available to retail traders operating from Europe.

Conotoxia to launch investment advice

The advisory service will allow retail traders to obtain individual investment recommendations on select financial instruments. Conotoxia said that it is among the first companies in the foreign exchange and contracts for different industries to provide the product to traders.

The CEO of Conotoxia, Grzegorz Jaworski, commented on the development saying, “the introduction of the investment advisory service is another significant step in the development of the Invest & Forex segment. We believe that the knowledge and experience of advisors can help our clients build their own professional investment portfolios and make informed and accurate decisions.”

The service was launched at the Invest Cuffs 2023 conference in Poland. The company representatives at the event said that the expansion of the offering would popularize investment under the support of professional advisors.

Conotoxia Investment advice offering targets retail traders in Europe. The service can be accessed using paid subscriptions, but the brokerage firm is readying a promotion for the users who register before June. These users will get a chance to test the investment advice for free for one month.

Jaworski said that investment advice would not include simple recommendations that apply to the general public. Instead, the advice will be tailored to the needs of individual traders depending on the size of their portfolio and risk profile. The advisory team has also said it does not execute transactions on a client’s behalf but only offers a recommendation.

Jaworski has also said that the recommendations offered through Conotoxia investment were not readily available in the market. He also noted that the goal of the offering was to make investors change their approach to investing.

The executive added that the company wanted to popularize investing with professional support. Furthermore, investors needed to have options to make an independent investment with the support of an investment advisor. The move would allow clients to have a larger package of services than the competitors.

Conotoxia’s expansion into Europe

Conotoxia is among the four companies under the Conotoxia Holding Group. Conotoxia aims to promote currency exchange services to international markets. The company started expanding in Europe in 2021 after establishing a local branch in Poland.

In 2021, LMAX Global, whose headquarters are in the United Kingdom, decided to transfer accounts belonging to Polish clients to Conotoxia. Earlier this year, the company had said that Ireneusz Pukin would be the new Director of the firm’s Polish branch. The Polish branch deals in stocks, commodities, indices, FX, and cryptocurrencies.

Conotoxia also sponsored the Chicago Bulls, a professional basketball team based in the US. The firm has sponsored the team since 2015. The move came amid a significant increase in brokerage firms seeking partnership deals in the sports industry.

About Ali Raza PRO INVESTOR

Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Invezz.com, Business2Community, BeinCrypto, and more.