M4Markets buys CySEC-regulated firm to operate in Cyprus

abdelaziz Fathi

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.

Read this next

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

<