Equiti opens a new office in Cyprus

Steffy Bogdanova
November 14, 2022 3:24 pm

Online trading technology and multi-asset financial products provider, Equiti today revealed it is opening a new regulated office in Europe, in Limassol, Cyprus.

Mohamed Alahmad, Co-founder and Chief Managing Director of Equiti Group, said that the new office is a milestone for the group in its global growth strategy.

He commented:

Mohamed Alahmad, Equiti

Mohamed Alahmad

We are thrilled to now have a regulated operation in Cyprus to provide our global business-to-business (B2B) offering to brokers in Europe under the strict oversight of the local regulator, the Cyprus Securities and Exchange Commission (CySEC).

Alahmad added that Cyprus’ EU membership, its fintech and FX broker community and market regulator CySEC, are what makes Limassol the right place for a European office for Equiti.

Equiti opens a Cyprus office

Hesham Hasanin, CEO of Equiti Global Markets in Cyprus, said:

Hesham Hasanin, Equiti

Hesham Hasanin

We are very excited to be in Limassol and have access to its large pool of talented people to expand our business in Europe.

The welcoming hospitability and support of the local community and our partners in Limassol has been remarkable. We look forward to contributing to the country by mirroring our successes in other markets.

Equiti announced obtaining a CySEC license in the beginning of October. In its official announcement, the Group highlighted that it has “plans for significant global geographical expansion” for the next three years. Furthermore, Equiti is looking to continue acquiring licenses in other markets around the globe.

 

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Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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