Exclusive: Eurotrader gets FCA license
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Eurotrader – which has been on somewhat of a hiring spree of late – is expanding its footprint geographically as well. We understand that Eurotrader has just been granted an FCA license for UK subsidiary Eurotrade Capital Ltd, enabling Eurotrader to begin providing services to residents in the all-important UK retail market.
The new license also makes sense in that Eurotrader has brought on board a number of London based executives lately, including the hiring of group CEO Marcelo Spina this summer. Other hires have included Compliance head Martin Couper, former Valutrades exec Rob Collins as Head of Trading, and Mikahil Abdul Rahman as Head of Marketing.
And earlier this month we exclusively reported that Eurotrader hired two Axi executives in London, adding Jack Beezer as Chief Product Officer and Ben Swann as CTO.
Eurotrader CEO Marcelo Spina said of the new license:
“The acquisition of this FCA license is another significant step in our strategy for growth in product offerings and geographic distribution. There are some exciting developments scheduled for the next 12 months and I am very much looking forward to announcing these additional products and services.”
Eurotrader has been operating to date as a CySEC licensed broker, via Eurotrade Investments RGB Ltd. The group also operates Eurotrade SA (Pty) Ltd, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
The Eurotrader group was founded and is controlled by Dr. Ozan Ozerk.