M4Markets announced on Monday it has obtained a CySEC license, allowing the global FX and CFDs broker to now offer its services and products to European clients.
M4Markets and the group behind it, Oryx Group, revealed that the new license was obtained through the acquisition of the CySEC-regulated company ICC Intercertus Capital Ltd.
According to the official announcement ICC Intercertus Capital Ltd will now operate as M4Markets Europe, under the legal name of Harindale Ltd.
M4Markets Group CEO, Mr. Panikos Teklos, commented that:
M4Markets has grown significantly over the past two years and strategically it was the logical next step for us to penetrate the European market as a lot of the European traders are experienced and as passionate about trading as we are. 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.
M4Markets Group CMO Mrs Marilena Iakovou noted:
When we started M4Markets we faced a lot of challenges, it was in the midst of the pandemic, the industry was saturated from competition and against all odds, we’ve managed to position ourselves as one of the most trusted brokers in the industry. The background of the founders of M4Markets is in investment banking and professional advisory services and we have tried to maintain that level of quality and commitment throughout our services to European traders.
Earlier this year, M4Markets announced the completion of a successful capital raising round from Cyprus and Dubai based investor.
