M4Markets buys CySEC-regulated firm to operate in Cyprus
Seychelles-regulated brokerage firm M4Markets has acquired a Cyprus investment firm to provide a regulatory stamp for the company’s business under CySEC’s supervision.
M4Markets and the group behind M4Markets, the Oryx Group, have acquired ICC Intercertus Capital Ltd, a legal company regulated by CySEC. Following the takeover, ICC Intercertus Capital Ltd will now be operating as the legal name of Harindale Ltd under the brand name M4Markets Europe.
The Cypriot licensing requires the firm to adhere to strict financial standards under the MiFID II framework, including the segregation and protection of client funds, full transparency of its business operations and capital adequacy controls.
Operating under the Cysec umbrella allows M4Markets to leverage its new regulatory profile to expand its services into the European markets. Further, the group’s operational capability has been substantially enhanced with the Cypriot approval as the company is now authorised to provide investment and professional trading services, including transferable securities, derivatives, and foreign exchange.
Speaking about the new license acquisition, 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.”
Also commenting on the CySEC license, M4Markets Group CMO Mrs. Marilena Iakovou noted that “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.”
Cyprus has long positioned itself as a jurisdiction that is well-regulated and is ideal for international FX providers that are looking for a stamp of European approval.
The introduction of M4Markets Europe at a time when some clients are experiencing challenges in finding a reliable broker or are facing increased trading costs in a constrained market.
Established in 2019, M4Markets is the trading name of Trinota Markets Global Limited. The broker maintains its head office in the Seychelles and is licensed by the country’s Financial Services Authority (FSA).
The firm was in the news recently after it picked up some investment from Cyprus and Dubai based investors in a new funding round that it will be using to grow its business.
The lesser-known platform has not shared any details about the capital injection amount. M4Markets also didn’t disclose the identity of the investors participating in the financing round, though it says they acquired a significant stake.