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Eurotrader Boosts UK Presence with FCA License

Started by forex4you, Nov 26, 2022, 05:08 am

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Eurotrader Boosts UK Presence with FCA License

<p>Eurotrader, a Cyprus-based multi-asset broker,
has received a regulatory license from the United Kingdom Financial Conduct
Authority (FCA) to provide its services in the UK retail market. The FCA license was granted to Eurotrader Capital Limited, its
UK subsidiary.</p><p class="MsoNormal">The brokerage announced on Thursday that the new
license "is another significant step in our strategy for growth in product
offerings and geographic distribution."</p><p class="MsoNormal">"There are some exciting developments scheduled
for the next 12 months, and I am very much looking forward to announcing these
additional products and services," said Marcelo Spina, Eurotrader's CEO who <a href="https://www.financemagnates.com/executives/eurotrader-appoints-ex-thinkmarkets-exec-marcelo-spina-as-group-ceo/">joined the
brokerage firm</a> in August.</p><p class="MsoNormal text-align-justify">Hiring Spree</p><p class="MsoNormal">Eurotrader's new license comes after the broker made several London-based executive appointments in the past few months.
Apart from Spina, Eutrader tapped Axi's <a href="https://www.financemagnates.com/executives/moves/eurotrader-continues-hiring-adds-jack-beezer-as-chief-product-officer/">Jack Beezer</a> and <a href="https://www.financemagnates.com/executives/axis-ben-swann-joins-eurotrader-as-chief-technology-officer/">Ben Swann</a> as the Chief Product Officer and Chief Technology
Officer in early November and late October, respectively. In late August, the firm <a href="https://www.financemagnates.com/executives/eurotrader-onboards-exinitys-martin-couper-as-head-of-global-compliance/">hired
Exinity's Martin Couper</a> as the Head of Global Compliance. However, Cooper's profile shows he
joined the broker in May 2022. </p><p class="MsoNormal">Meanwhile,
Eurotrader made other top hiring decisions such as the appointment of Valutrade's Robert Collins as the Head of
Trading and ArgusFX's Mikahil Abdul Rahman as the Head of Marketing. While Collins' role is based in London, Rahman's LinkedIn profile shows he works from
Limassol in Cyprus.</p><p class="MsoNormal text-align-justify">Global Growth</p><p class="MsoNormal">According to Dr Ozan Ozerk, Eurotrader's
Founder, the brokerage's "expansion spree is going on without a pause." In July
last year, the broker <a href="https://www.financemagnates.com/forex/brokers/eurotrader-gains-south-african-license-to-boost-global-expansion/">gained a
license in South Africa</a> through its local subsidiary.</p><p class="MsoNormal">Announcing the new license, Ozerk noted that the
broker is determined to follow its strategy for global growth. On top of that, the firm will ensure its success through "high-caliber appointments and additional
licenses."</p><p class="MsoNormal">"We are getting closer to delivering on our
vision to cater to a trader's 360 evolving needs in a safe, secure, and
reliable way," the Founder said, according to a WANE-TV report.</p><p class="MsoNormal text-align-justify">Meanwhile,  in 2021, the Eurotrader Group <a href="https://www.financemagnates.com/thought-leadership/eurotrader-group-announces-the-launch-of-eurocapital-its-institutional-arm/">launched
Eurocaptial</a>, its institutional arm
registered with and regulated by the UK FCA. The arm was established as part of
the Group's diversion into multi-asset liquidity provision.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.

Source: Eurotrader Boosts UK Presence with FCA License
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