IronFx and FXDD to be Merged Under Nukkleus

DailyForex.com Team

Nukkleus Inc., is a provider of compliance and risk management business services. It is considered a holding company and did not have significant operations until now but it is currently making up for lost time with a strong push into the retail foreign exchange arena.

Nukkleus has acquired 100% of Iron FX's Australian operation, which was split off from Iron FX Global. If approved by ASIC, Nukkleus will control 100% of Iron FX Aus and FX Giants, as well as 9.9% of Iron FX Global.

IronFX, which has been plagued with financial problems the last few months, will be merged with FXDD which has until now been controlled by Currency Mountain Holdings, a main shareholder in Nukkleus. Nukkleus will also be taking over FXDD Malta and FXDD Trading Ltd. It already lists Forexware under its list of assets.

CEO Emil Assentato controls 80% of its Nukkleus' shares. Mr. Assentato, who was recently appointed as the CEO, president, secretary and treasurer as well as chairman of the board of directors of Nukkleus said that the acquisition of IronFX Australia was just a first step towards his "?long term strategy of identifying leading brands around the world inside Nukkleus." He emphasized that his method of operations will be for each brand to maintain its own autonomy and separate operating identity.

Nukkleus was founded in 2013 and is located in Gainsville, Florida.

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DailyForex.com Team
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