Hello, SLS
Long time, no hear. Glad to know you’re still in this business, and still checking in with us from time to time.
Re: AnnexFX (Estonia), they do appear to be a subsidiary of AssetsFX (Finland), although they certainly are not very forthcoming about the relationship (if any) between these two brokers.
AnnexFX (Estonia) states the following on their About Us page:
AnnexFx.com is owned and operated by AssetsFx Trading OÜ, company reg.no.12504349, a licensed forex broker, registered by the Ministry of Economic Affairs (license no. VVT000308, FRA000042) in Estonia.
And AssetsFX (Finland) states the following on their About Us page:
AssetsFx Trading is a division of Oy Nettico Ltd., main offices in Kauniainen, Finland. The company has been established in 2002. Company reg.no 1793716-6
The name Annex is kind of a give-away though, don’t you think?
I compared the Trading Conditions pages on both websites, and they are virtually identical, right down to the wording and the format. Same trading conditions, same sample swaps, and same list of countries they don’t deal with.
As of right now, I’m not sure how to handle AnnexFX. If AnnexFX (Estonia) is essentially a branch or subsidiary of the Finnish broker, then I would opt to ignore them. That’s been our policy up til now with brokers who have branch locations in other countries.
On the other hand, if it can be determined that AnnexFX (Estonia) is totally independent of AssetsFX (Finland), so far as company policies, financial liability, etc. are concerned, then I would lean toward adding them to our List.
If you discover any further information about this situation, please post it here.
And, don’t be a stranger!