A few months after finishing a capital raising round early this year, M4Markets acquired a license from Cyprus Securities and Exchange Commission (CySEC), a Cyprus regulatory body.
M4Markets, a contract for difference (CFD) broker, plans to extend its presence in Europe. The broker operates with a Seychelles license and has worked its way out to outsmart the competitors in the market.
M4markets also confirmed that Oryx Group, the entity behind it has already secured CySEC-regulated firm ICC Intercertus Capital Limited.
ICC Intercertus Capital Limited will operate in Europe as M4Markets. The firm is legally called Harindale Limited. In a statement, M4Markets CEO Panikos Teklos commented that the firm has significantly grown over the past two years.
The CEO added that expanding to the European markets is ‘strategically’ the next logical step for the broker as the region boasts of passionate traders. The broker eyes a true multi-asset offering, and gradually a more institutionalized offering in Europe.
“We are committed to providing very competitive trading conditions, and compliance with EU regulations, and we strive to listen to our traders’ needs, promote financial and product education, be ambassadors of sustainability as well as stay abreast of any technological advances and wider market trends,” Teklos explained.
M4Markets Secretive Plan
Recently, M4Markets sold a significant stake in its business to an undisclosed investor. The broker also remained reluctant to reveal the amount transacted in that deal.
A good share of the received amount was agreed to be directed to the development sector to facilitate expansion in the financial base. In addition, more capital will be injected into expanding products and service offerings through advanced technologies and automation solutions.
The broker also confirmed that in the past four months, they have widely focused on raising capital and attracting investors.
In April, M4Markets hired David Alagbada, to revive its presence in Africa. In January 2022, the broker launched M4Markets Copy Trader as an initiative to support traders across the globe in different steps of their trading journey.
Besides the efforts to extend its presence in Europe, M4Markets has faced different pressures from competitors in the region. Lately, Equiti Group obtained a CySEC license to operate in Europe.
This license marked the eighth license to acquire in its regulatory license lineup.