Trade Capital Markets North America LLC, an owner of the TRADE.com brand, has been licensed by the Financial Industry Regulatory Authority (FINRA) to provide broker-deal services in the United States.
TRADE.com is a popular trading provider in the multi-asset market, including contracts for difference (CFDs). It is owned by Trade Capital Holding Ltd, founded in 2014. Trade Capital Markets North America LLC, which the US regulator now authorizes, is an American wholly-owned subsidiary of the group.
Thanks to the latest license, the TRADE.com brand will be able to hit the US market and present its products and services to an extensive group of new potential customers. According to the press release, Trade Capital Holding intends to expand its offering with new proprietary trading technologies in the next year.
"Being present in the US will enable Trade Capital Holding to be at the forefront of developments in financial markets, which will benefit our clients across the world. We intend to be fully operational as a brokerage house in the US by the end of H1 2023 and look forward to forging long-term relationships with new business partners and clients. 2023 is going to be a pivotal year for us with many exciting plans in the pipeline," Roei Gavish, the Chief Executive Officer of Trade Capital Holding, said.
The Growing Number of Licenses
Authorization in the United States is the fifth licensed jurisdiction for TRADE.com. Previous ones were obtained in South Africa, Cyprus, Spain and the United Kingdom. In the near future, the broker wants to apply for licenses from the Indian and Italian financial regulators. In addition, the company has offices in Dubai, the United Aram Emirates (UAE). According to the brokerage representatives, regulatory diversity provides stability and client safety.
The group's UK subsidiary, Trade Capital UK, released its full-year 2021 report in September. According to the company's financial data, TRADE.com generated revenue of £240,009, 114% more than a year earlier.
