Trade.com, a retail marketplace brand operated by Trade Capital Holding, has launched its services in the Italian market after obtaining a local regulatory license, Financial tycoons learned exclusively. The brand has also launched a new product: “TRADE Challenges”.
The Italian operation is managed by local entity Trade Capital Italia SIM, which has obtained authorization from Consob as an investment services company. The platform will offer services to individual and professional customers.
At launch, Italian clients can trade stocks listed in the US and EU. However, the company plans to add contracts for differences (CFDs) in the next two to three months.
The company highlighted that Trade.com Italy's institutional operations are affiliated with a group of private bankers and consultants and will provide financial advice and operational support to investment funds.
“We view Italy as a very strategic market,” said Trade.com Group CEO Roei Gavish. Financial tycoons. “We believe that a local presence with strong banking relationships will create a great opportunity. »
The geographic expansion has not been brutal, since Trade.com has already announced its plans to expand to Italy in September 2022. It also plans to expand into the United States. Besides the Italian license, Trade.com is regulated in Dubai, United Kingdom, Cyprus, South Africa, Mauritius and Spain.
Although Trade.com only uses the Italian license to operate in the local market, it plans to expand it to more European Union countries next year.
A new product in high demand
Alongside its geographic expansion, the brand announced the launch of the “TRADE Challenge,” where the company will provide its own capital to eligible traders for trading.
According to the TRADE Challenge website, it offers funding between $10,000 and $200,000 and will share 70% of the profits with traders. It will offer the services on Trade.com's own trading platform on web and mobile.
The group company said Trade Challenge services will be available to traders in Asia, Latin America, Africa, Europe, the Middle East and North Africa.
Trade.com is not the first broker to launch a service like TRADE Challenge. Previously, brokers like OANDA, Axi and Hantec Markets have also launched similar services to retail traders. Additionally, this niche industry has hundreds, if not more, of companies dedicated to offering such services.
Trade.com, a retail marketplace brand operated by Trade Capital Holding, has launched its services in the Italian market after obtaining a local regulatory license, Financial tycoons learned exclusively. The brand has also launched a new product: “TRADE Challenges”.
The Italian operation is managed by local entity Trade Capital Italia SIM, which has obtained authorization from Consob as an investment services company. The platform will offer services to individual and professional customers.
At launch, Italian clients can trade stocks listed in the US and EU. However, the company plans to add contracts for differences (CFDs) in the next two to three months.
The company highlighted that Trade.com Italy's institutional operations are affiliated with a group of private bankers and consultants and will provide financial advice and operational support to investment funds.
“We view Italy as a very strategic market,” said Trade.com Group CEO Roei Gavish. Financial tycoons. “We believe that a local presence with strong banking relationships will create a great opportunity. »
The geographic expansion has not been brutal, since Trade.com has already announced its plans to expand to Italy in September 2022. It also plans to expand into the United States. Besides the Italian license, Trade.com is regulated in Dubai, United Kingdom, Cyprus, South Africa, Mauritius and Spain.
Although Trade.com only uses the Italian license to operate in the local market, it plans to expand it to more European Union countries next year.
A new product in high demand
Alongside its geographic expansion, the brand announced the launch of the “TRADE Challenge,” where the company will provide its own capital to eligible traders for trading.
According to the TRADE Challenge website, it offers funding between $10,000 and $200,000 and will share 70% of the profits with traders. It will offer the services on Trade.com's own trading platform on web and mobile.
The group company said Trade Challenge services will be available to traders in Asia, Latin America, Africa, Europe, the Middle East and North Africa.
Trade.com is not the first broker to launch a service like TRADE Challenge. Previously, brokers like OANDA, Axi and Hantec Markets have also launched similar services to retail traders. Additionally, this niche industry has hundreds, if not more, of companies dedicated to offering such services.