Finveo taps PayRetailers as multi asset broker eyes LATAM

Rick Steves

The multi asset broker has specific goals for 2022, which include onboarding vast numbers of South Americans. 

Finveo, a multi asset brokerage company licensed and regulated by the Capital Market Authority of Montenegro, has partnered with PayRetailers in order to better reach the LATAM market.

The payment processor firm is headquartered in Barcelona, Spain, but is very much on the ground in Latin America, with full knowledge of the diversified means of payments in the region. All these methods are provided via a single API.

Finveo provides FX and CFD liquidity solutions for brokers

Finveo offers its users access to trade the global markets 24/5 under compliance with Montenegro’s financial watchdog and complies with international regulations prescribed by European Securities and Markets Authority (ESMA).

Finveo focuses on providing Forex and CFD liquidity solutions for brokers, offering access to trading through MetaTrader 4 and MetaTrader 5 to its clients. The broker has gone multi asset as it includes global stocks, Eurobonds and other capital market products in its offering.

Having grown organically through the traditional added-value service perspective of its parent company, Turkish-based Inveo Investment Holding, Finveo is now looking to expand further across the globe, with an eye on the Latin America countries.

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

 

PayRetailers provides Finveo with access to LATAM focused solutions

The trading industry has been on a quest to conquer emerging markets as of late. Stricter leverage conditions in most developed economies combined with the rise of mobile trading is a great premise for expansion elsewhere.

As Finveo aims to reach the LATAM market and make it easier for clients to deposit funds, the broker chose PayRetailers for its expertise and the ability to use only one API that covers different kinds of payment methods available on the region.

Ivana Andjelic, Business Operations Manager at Finveo, says: “Considering the LATAM region being diversified when it comes to payment methods and solutions, we are fully satisfied with our cooperation with PayRetailers as they are providing us all of them through only one API. A safety-oriented system, easy to use platform and a 24/7 customer support are the values that we appreciate the most, knowing that our clients can reach us easily and their funds are safe with us”.

Finveo’s very fast growth resulted in the need of offering additional payment methods, which are now fuelled by the modern technology of PayRetailers. The multi asset broker has specific goals for 2022, which include onboarding vast numbers of South Americans.

Read this next

Digital Assets

Europe bans crypto payments to Russians as €10K cap scrapped

The European Union is taking further steps to sanction Russia after the recent developments surrounding its invasion of Ukraine.

Digital Assets

Mt. Gox creditors to get their funds through Bitstamp, other exchanges

The distribution of funds to creditors of the defunct crypto exchange Mt. Gox is set to kick off as the business’s Japanese bankruptcy trustee released a memo updating them of a new function and important deadlines.

Institutional FX

Tradeweb’s trading volumes hit $1.20 trillion per day in September

Tradeweb Markets, the online fixed-income trading platform, today reported its operational metrics for the month of September 2022, which has seen continued strong trading volumes so far. A frenzy that, at this pace, puts it on track to set a new record.

Crypto Insider

Cryptocurrency Spoofing: Why Should Investors Care About It?

Investors don’t just care about making more money. They care about their safety and security, too. This is observable in cryptocurrency, where consumers always protect their financial interests. People have developed this habit of fear of falling victim to possible scams and frauds.

Retail FX

FSCS closes London Capital & Finance (LCF) scandal after three years

The Financial Services Compensation Scheme (FSCS) has provided a final date for closing the scheme to compensate investors who lost money in the London Capital & Finance scandal, namely on 31 October 2022.

Institutional FX

Cboe reports highest ADV for FX volume in two years

Cboe’s institutional spot FX platform today announced its trading volume for the month ending September 2022, which marks its third-highest month ever.

Executive Moves

Investall hires ex-DriveWealth Steve Cortright as CEO

Investall is an AI-driven mobile trading platform for personal finance and investing that delivers AI-driven trading for thousands of equities and major cryptocurrencies.

Digital Assets

SIX integrates CryptoCompare’s cryptocurrency data feed

SIX will provide digital asset data to its clients via the same delivery channels as its leading reference, pricing, corporate actions, regulatory, tax and ESG data.

Digital Assets

CME Group to launch reference rates and indices on Avalanche (AVAX), Filecoin (FIL), and Tezos (XTZ)

Several leading crypto exchanges and trading platforms will provide pricing data for these new benchmarks, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.

<