Cyprus based, offshore Retail FX and CFDs broker M4Markets has announced that the company has raised capital through the sale of a “significant stake” to new strategic investors.

The company didn’t specify the amount raised, the size of the stake sold, or who the investors actually are.

M4Markets said that the new capital will be used to accelerate growth by enhancing M4Market’s products and services through additional advanced technology and automation solutions, improving the corporate governance and ESG frameworks and bringing in additional financial services experienced professionals.

M4Markets CEO, Deepak Jassal, stated that:

“Raising capital and attracting investors has been a priority over the past few months as we realized that M4Markets has grown exponentially, and we needed to optimize our technology and service offering in order to cater to our ever-growing client base. Over the past few months, we broke our monthly record over and over again and we feel that the new capital along with the expertise and leadership brought by the new investor group will enable us to change league altogether and increase substantially the value for our clients”.

The new capital will also allow M4Markets to continue its expansion plans by penetrating new markets and regions. Group Business Development Officer Nick Jay has commented on the news noting that:

“Our success has set us apart not only in terms of how investors see M4Markets, but especially in how our clients perceive us. We have been committed from the beginning to offering a competitive trading environment for our traders because we simply consider them our biggest asset and we couldn’t be happier with this new development which will allow us to go out, meet and reach out to an even bigger number of traders.”

M4Markets is an offshore broker which is formally domiciled in Seychelles and holds a financial services license from the Financial Services Authority (FSA) in the Seychelles. However the company is operated primarily from Cyprus, and has hired a number of operational and marketing executives in the country, with a number of the hires coming from Tickmill. M4Markets was established by Deepak Jassal, formerly an investment banker with HSBC, KPMG and UBS, and by Theofanis Nakos, a fixed income sales specialist.