Belize-based FX and CFDs brokerage Scope Markets has become Scope to reflect the culmination of its extensive business transformation after it was acquired by Rostro Group.
Scope said in a press release shared with FinanceFeeds that the new corporate name would better encompass what it does. The rebranding shows that the company has completely evolved into an all-encompassing financial services provider and paves the way for the introduction of a new suite of products to serve a broader range of customers. The broker has introduced a new log as part of the rebranding process.
Pavel Spirin, CEO of Scope Markets, commented: “At Scope Markets, we’re passionate about democratising investing and making financial markets accessible to everyone in a personalised way. This has always been core to our proposition. The new brand acts as a springboard that will help us break down the barriers to entry further and give more customers the ability to gain unfettered access to the wider financial universe.”
Michael Ayres, CEO of Rostro Financials Group, added: “Whilst this rebrand marks the final stage as we complete the integration of Scope Markets into Rostro Group, it’s also a pivotal time when it comes to the future of the brokerage. In line with our broader ambitions at Rostro to e ect change in financial inclusion at a global level, we will be launching further enhancements to our internal product set and the wider customer experience. With a genuine ecosystem of financial expertise to hand, we want to give every market participant access to make, manage and invest their money.”
Last year, Rostro Financials Group, a fintech group focused on capital markets and digital assets, completed the acquisition of Scope Markets.
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The financial details of the transaction were not disclosed, but Rostro has bought the retail broker in an all-cash deal. Scope Markets , which is domiciled in Belize and regulated by the International Financial Services Commission (IFSC), was controlled by UAE-based entrepreneur Serkan Ismailoglu. The Middle East-focused broker also operates regulated entities in Africa, Cyprus and Mauritius.
Rostro is led by Michael Ayres, the former chief operating officer at Equiti Capital. Prior to Equiti, Ayres, who has over 15 years of experience in the forex industry, was the operations director at GKFX.
