Exclusive: Trust Capital TC Gets Cyprus License, Opens Limassol Office

The past couple of months have been difficult for the EU retail brokerage industry. This doesn’t stop new companies from venturing into the region. The latest firm to join the fray is Trust Capital TC.

The company’s Executive Director, Farah Hawilo, shared with Finance Magnates some details about the newest soon-to-be-launched brokerage in Limassol. Hawilo shared that the owners behind Trust Capital have 40 combined years in knowledge and expertise in the field.

Being supported by a team that consists of industry experts, financial advisors, market watchers, and analysts, the team is striving hard to educate and assist the company’s clients about the market. The customers of Trust Capital belong to all categories – beginners, intermediate and advanced traders.

“Trust Capital TC believes in the value of trading and the financial world in which it operates. This made it an easy choice to open an office in Cyprus, as it is a major global player when it comes to the world of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading,” Hawilo explained.

The company decided to enter the European market despite the stricter regulatory changes and tougher barriers to entry.

“We are confident that along with our CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term license and strong credible team, we will take on the market challenges smoothly,” said Hawilo.

12 Months to License

The company shared with Finance Magnates that it took the decision to apply for a license about a year ago. The firm is preparing to launch with an MT4 and MT5 offering including mobile.

The initial focus of the new subsidiary of Trust Capital TC is to attract clients with trading seminars, personal mentoring, and webinars. The firm’s product range includes over 150 trading instruments including spot FX, metals and CFDs on futures.

“Being visionaries ourselves, our aim is to expand our services globally so that every individual can attain financial freedom. We plan on focusing on European clients, as well as the GCC markets,” Hawilo concluded.