RoboMarkets, a well-known brand in the retail trading space, has broadened its offerings with the launch of a new brand with services targeted to Asian clients, Finance Magnates learned exclusively.
The new platform is regulated by the Labuan FSA and is being touted as an 'investment bank' with the name RM Investment Bank.
It can provide credit facilities, consultancy and advisory services, and several other banking-related services. Also, it can onboard Malay clients.
“Our company has started the RM Investment Bank, the first licensed investment bank in the RoboMarkets Group, and this makes us very happy,” said Dr Rostyslav Prus, the Managing Director at RM Investment Bank.
“This marks an important milestone in the Group's history, which will surely help us to expand our business in this jurisdiction. We are very proud of the variety of our services to clients and partners because they are equal in quality for anyone, regardless of investing experience and invested sums.”
Initially, the new platform is offering more than 10,000 investment instruments across seven asset classes. In addition, it is offering five account types with claimed 'competitive investment conditions'.
On top of that, the broker terminated trading services with crypto CFDs last year, calling them 'high risk' investment instruments. It has maintained that stance as the services under the new trading brand did not add any crypto instruments.
Asian Presence
RoboMarkets’ focus on the Asian markets became prominent in mid-2019 when the group established regional headquarters in Labun, Malaysia. Then, it received a license from the jurisdiction’s financial market regulator for offering forex and contracts for differences (CFDs) instruments.
Now, the launch of the new platform is seen as the group’s next stage of development in the region.
The launch of the new platform came days after RoboMarkets introduced a dedicated trading brand for professional investors. Regulated in Germany, that platform is onboarding clients from across the European Economic Area (EEA).
