The Company is the holding company of iFOREX Holding Ltd. (“iFOREX” and together with its subsidiaries,the “Group”). The business of the Group was set up in 1996 by Mr. Eyal Carmon (the “Founder”), who was previously a dealer in Bank Hapoalim (Israel’s largest bank) and other Israeli investment firms and also has a BA in Economics and an LLB in Law from the Tel Aviv University. Following on from its inception, the business has evolved into a proprietary online and mobile contract for difference (“CFD”) trading platform (the “Trading Platform”) enabling its clients to trade CFDs across approximately 870 financial instruments. The Group currently offers CFDs referenced to currencies, commodities, indices, cryptocurrencies, stocks and exchange traded funds (“ETFs”) to a broad client base spread internationally across more than 30 countries, principally in Asia and the Middle East.