Eurotrader Boosts UK Presence with FCA License

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.

The brokerage announced on Thursday that the new license “is another significant step in our strategy for growth in product offerings and geographic distribution.”

“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 joined the brokerage firm in August.

Hiring Spree

Eurotrader’s new license comes after the broker made several London-based executive appointments in the past months. Apart from Spina, Eutrader tapped Axi’s Jack Beezer and Ben Swann as Chief Product Officer and Chief Technology Officer in early November and late October, respectively. In late August, the firm also hired Exinity’s Martin Couper as Head of Global Compliance. However, Cooper’s profile shows he joined the broker in May 2022.

Meanwhile, Eurotrader also made other top hiring decisions such as the appointment of Valutrade’s Robert Collins as Head of Trading and ArgusFX’s Mikahil Abdul Rahman as Head of Marketing. While Collins’ role is based in London, Rahman’s LinkedIn profile shows he works from Limassol in Cyprus.

Global Growth

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 gained a license in South Africa through its local subsidiary.

Announcing the new license, Ozerk noted that the broker is determined to follow its strategy for global growth. The firm will also ensure its success through “high-caliber appointments and additional licenses.”

“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.

Meanwhile, in 2021, the Eurotrader Group launched Eurocaptial, 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.

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