The Cyprus-based multi-asset broker Eurotrader has received an FCA license for retail trading in the UK, it confirmed last week. It has set up a UK subsidiary called Eurotrader Capital.
The UK license is the latest step in the broker’s international expansion. CEO Marcelo Spina said this week that there was further news in the pipeline for the company, which has also received a regulatory license in South Africa.
Eurotrader has been recruiting in London, nabbing Jack Beezer from Axi to be its new Chief Product Officer in the UK, and also hiring Ben Swann to be its CTO. Robert Collins has joined from Valutrade to be Head of Trading.
The broker currently offers a broad range of markets to traders, including forex, stocks, index-based trades and commodities. It also provides access to crypto markets. Over 50 FX pairs are on offer, including majors, minors and exotics. Over 2500 stocks as well as fractional shares are available on its CFD menu. Support is provided for the MT4 and MT5 trading platforms as well as for the Eurosocial copy trading app.
Global growth strategy
Eurotrader remains set on what it describes as a global growth strategy. This will likely translate into further senior hires and further licenses in other key active trading markets. The company already has an FCA license for its institutional arm, Eurocapital, to serve professional clients in the UK.
Eurocapital saw the light of day last year, marking the group’s debut into multi-asset liquidity provision. This positioned it as a prime of prime liquidity provider with full-circle solutions across a wide financial product range, including Contracts for Difference and futures. This gives it access to Tier 1 liquidity, top of book prices and exceptional fill rates.
The broker also has a network of third party distribution hubs and co-located API connections, and is integrated across a range of professional trading platforms.
The broker was originally founded by Dr Ozan Özerk in 2018. He wanted to champion financial inclusivity and support traders that were new to the markets. Ozerk made his name in the social media space when he co-founded Norsk Ideutvikling in 2005, owner of the Norwegian networking site Biip.no. He also owns OpenPayd, a fintech business that offers banking services to businesses. He has launched other successful financial industry businesses, like European Merchant Bank and Ozan SuperApp.
