Finance Magnates Expands Operations in Cyprus with New Limassol Office

Finance Magnates has bolstered its focus and infrastructure in Cyprus, moving to a new office in Limassol as part of its commitment to expanding its operations as one of the leading hubs in the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) industry.

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Finance Magnates currently boasts multiple offices, with additional operations working throughout the European continent. Over the past few years the FX industry across Europe and its periphery has swelled to include a wide variety of new client bases, and Cyprus is a nexus which has established itself as a leading destination for brokers.

Expansion in Focus

The expansion into Cyprus and unveiling of its new office is instrumental to the strategy and future for Finance Magnates, which is looking to tap into a burgeoning clientele. The new office is located in Limassol at Office 807 in the D.Nicolau Building in the Pentadromos Center.

According to Erez Romas, Chief Operating Officer (COO) of Finance Magnates, in a recent statement on the office expansion: "Our new offices are an indication to the growing presence of Finance Magnates in the Cypriot Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term of FX and binary options. We are certain that this will allow us to better serve our clients and to continue promoting transparency and solid business making within the trading industry."

“Now more than ever with the financial landscape in Cyprus, I am very happy to be reinforcing Finance Magnates’ presence to answer the huge demand of all actors from the industry (and out of it) trying to get a way in," added Andrea Badiola Mateos, Head of Finance Magnates - Cyprus.

"We look forward to the developments in the coming years, ready to keep informing, promoting and give visibility and awareness to all major companies and events in the industry. We can’t wait to meet with all our current and future partners at our offices in Limassol to understand better their needs and help them through the ropes of this new landscape to come out successfully,” she reiterated.