Trade.com Secures License in Dubai, Eyeing Italy And United States Next

The brokerage firm already owns a number of regulatory licenses.

Its UK businesses had outstanding results.

Trade.com, a rising retail trading brand run by Trade Capital Holding, has received a new license from the Government of Dubai and opened a representative office in the city, which WikiFX has exclusively discovered.

“Our new office in Dubai is a business development center for us to expand our cooperation network in the MENA area and APAC since we believe in the growth of those markets,” said Roei Gavish, Group CEO of Trade Capital Holding.

The new license was obtained as part of the company's massive worldwide growth aspirations. The group firm is anticipated to get permits from authorities in Italy and the United States by the end of 2022. It will also begin services in India via a regulated joint venture.

Furthermore, the trading firm is looking for a bitcoin exchange license but has not identified any regulators or jurisdictions to which it is applying.

Trade.com already has various licenses in place. It is prohibited in the UK, Cyprus, South Africa, Mauritius, and Spain.

“Trade.com Group is developing worldwide with the goal of covering a network of global licenses by 2025 and becoming one of the only true global fintech operators,” Gavish stated. “We want to be a worldwide brand with a local face.”

A Startup Business

The company is also investing in improving its services and expanding its “own platforms and products portfolio into new spaces, adding digital banking, robo advisor, and regulated crypto offering.” It is also working to improve traders' mobile experiences with proprietary technology stacks and openAI solutions.

Trade.com has thus far been a self-funded venture. It is currently planning an institutional fundraising round for 2024.

Meanwhile, Trade.com has been doing well over the last several years. Furthermore, the brokerage group's UK unit recorded a 114 percent increase in 2021 revenue, while losses shrank by 72 percent.

About Trade.com

Trade.com is a leading broker for online currency and CFD trading, offering hundreds of trading instruments (Forex, equities, commodities, and indices), cutting-edge MT4 and WebTrader platforms, and high-quality customer support 24 hours a day, 7 days a week through email, phone, and live chat. Traders will also benefit from competitive spreads and up to 30:1 leverage (1:300 only for professional clients). Beginners will like the extensive instructional library, which includes videos, eBooks, and webinars, as well as a free $10,000 practice account.

CFDs are complicated products that carry a significant risk of losing money quickly owing to leverage. When trading CFDs with this supplier, 72.60% of retail investor accounts lose money. You should think about whether you understand how CFDs operate and if you can afford to lose your money. Year of Inception: 2013

About WikiFX

Wikifx is a platform for searching worldwide company financial information. Its primary duty is to search for basic information, regulatory licenses, credit assessment, platform identification, and other services for the participating foreign currency trading firms.

Keep an eye out for more broker news.

WikiFX App may be downloaded through the App Store or the Google Play Store.