Equiti Group, a provider of online trading technology and multi-asset financial products, opened a new office in Limassol, Cyrus on Monday. This is an addition to the other nine local offices Equiti operates in Europe, the UK, the Middle East, the Americas, Africa, and the Asia Pacific regions.
The opening of the new office comes a little over one month after the Cyprus Securities and Exchange Commission (CySEC) granted a license to Equiti Group’s Cypriot subsidiary, Equiti Global Markets Limited, to operate in Europe. The CySEC license marked the Group’s 7th regulatory license.
Mohamed Alahmad, the Co-Founder and Chief Managing Director of Equiti Group, described the new office as “a major milestone” for the Group. He added that the launch of the office is “a significant part of our global growth strategy.”
With the new office, Alahmad noted, the company will be able to offer its business-to-business offering to brokers in Europe with regulatory supervision from CySEC.
“Cyprus’ location in Europe, its EU membership, its flourishing fintech and FX broker community, investor-friendly environment, and its respected market regulator, CySEC, makes the country an ideal place for Equiti to be to support our brokers in Europe,” Alahmad explained in a statement shared with Finance Magnates. The Co-Founder further added that the new office “will draw on the strength” of the company’s global network and tailored liquidity solutions.
Equiti and Expansion
Also speaking, Hesham Hasanin, the newly-appointed CEO of Equiti Global Markets, noted that the Cypriot subsidiary looks forward to mirroring the company’s successes in other markets. This is even as Equiti Group said it has more plans to expand its presence globally over the course of the next three years. Equiti Group is looking "to continue to acquire licenses in other new markets around the world.”
In June, Equiti Brokerage (Seychelles) introduced margined crypto CFDs to its offerings to allow retail clients to be able to trade CFD via the MetaTrader 5 platform. Earlier in March, the company added MetaTrader 5 to its basket of offerings.
