Trade.com, a multinational brokerage, is currently under a management buyout as part of a broader rearrangement strategy led by CEO Roei Gavish. The shakeup includes introducing novel product lines and expanding them into new geographies, with a significant focus on Italy via its newly procured CONSOB license, Latin America (LATAM), and emerging markets.
Trade.com is regulated by the UK’s FCA and Cyprus’ CySEC. Additionally, it has licenses and branches in Dubai, Mauritius, and South Africa. In the last quarter of 2022, it broke into the American market authorized by FINRA. Trade Capital Holding Ltd, the parent company of Trade.com, was established in 2014 and operates via multiple subsidiaries in different territories to conform to regulatory norms. In the US, it functions as Trade Capital Markets North America LLC.
Trade.com secured its Middle East license in September 2023, which coincided with the launch of its Dubai office, regulated by the local government. Trade.com aims to establish international licenses by 2025, joining the elite band of truly global fintech operators. Roei Gavish, Group CEO of Trade Capital Holding, previously shared, “We aim to be a global brand with a local presence.”
Trade Capital UK (TCUK) Ltd, the UK arm of the company, saw an impressive 216% revenue spike to £759,240 in 2022, matching its net profit. Incorporated in 2017, TCUK secured FCA approval in September 2019 and commenced operations in mid-October.
The firm’s Companies House filing stated, “The 2022 revenues marked a 216% rise, and the net profit jumped by 295% compared to the net loss of 2021. More accurate comparative and performance figures will be available in the coming years.”
In recent news, Michalis Tsaousellis was appointed Chief Dealer at Trade.com in Cyprus. Tsaousellis is responsible for the trading team, product introductions, and development. Before this, he held the position of Senior Dealer at FXPRIMUS for five years.
On Thursday, Reddit shares rose amid its collaboration with OpenAI to train ChatGPT on the…
On Thursday, OpenAI announced a collaboration enabling ChatGPT to train using data from Reddit discussions…
On Thursday, sugar prices extended their losses amid reports indicating lower futures driven by a…
On Wednesday, Nio stock declined after it entered fierce market competition with the debut of…
Robinhood has again become central in another meme stock surge. CEO Vlad Tenev shared that…
On Wednesday, Nio introduced the first offering of its new low-priced Onvo brand, the L60…
This website uses cookies.