EXCLUSIVE: M4Markets Aims for Europe with New CySEC License

Mar 29, 2023

M4Markets raised an undisclosed sum in capital round earlier in the year.

Competitor Equiti Group has also secured a CySEC license.

After completing a capital raising round earlier in the year, M4Markets, a contract for difference (CFD) broker has obtained a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).

With the new license, Finance Magnates learnt exclusively that the broker, which operates with a Seychelles license, plans to extend its offerings, services and products to traders in Europe.

The brokerage also said the Oryx Group, the entity behind M4Markets, has purchased CySEC-regulated firm ICC Intercertus Capital Limited.

The newly-acquired firm, now legally recognized as Harindale Limited, will operate as M4Markets Europe, the broker disclosed.

M4Markets Group CEO, Panikos Teklos, in a statement shared with Finance Magnates noted that the broker “has grown significantly over the past two years”.

Teklos added that expanding to the European markets is “strategically” the next logical step for the brokerage as the region boasts of passionate traders.

“We are committed to maintaining the same level of client service that has helped set M4Markets apart and we will continue to improve our offering to meet the needs of our traders,” Teklos added.

The Group CEO further told Finance Magnates that the broker’s plans for Europe is to offer “a true multi-asset offering and gradually a more institutionalized offering.”

“We are committed to providing very competitive trading conditions, 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.

Planning for Expansion

In May, M4Markets sold a “significant stake'' in its business to an unnamed investor at an undisclosed sum.

The broker had said it will use the capital to accelerate growth by enhancing its product and service offerings through advanced technologies and automation solutions.

M4Markets's former Executive Director, Deepak Jassal, explained that raising capital and attracting investors has been a priority for the broker over the past few months.

Jassal noted that the firm “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.”

In April, M4Markets hired David Alagbada, a forex industry executive with over 12 years of experience, to boost its presence in Africa.

At the start of the year, the company followed the introduction of MetaTrader 5 in 2021 by launching M4Markets Copy Trader.

M4Market said the innovative social trading app was introduced to support traders across the globe in different steps of their trading journey.

CySec in Demand

Meanwhile, competitor Equiti Group last week also disclosed that it has secured a CySEC license to deepen its presence in Europe.

The Group said the new license, the eighth in its regulatory license lineup, was granted to Equiti Global Markets Limited, its Cypriot subsidiary, to operate in Europe.

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EXCLUSIVE: M4Markets Aims for Europe with New CySEC License

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