Trade.com is currently undergoing a management buyout as part of a broader restructuring plan led by CEO Roei Gavish. This initiative aims to launch new product lines and accelerate growth in key regions, particularly Italy, where Trade.com has recently acquired the CONSOB license, and in Latin America (LATAM) and emerging markets.

Trade.com, licensed by the UK’s Financial Conduct Authority (FCA) and Cyprus’ Cyprus Securities and Exchange Commission (CySEC), has extended its footprint globally with licenses and offices in Dubai, Mauritius, South Africa, and the United States, where it entered the market in late 2022 with FINRA authorization. Trade.com operates in the U.S. under the entity Trade Capital Markets North America LLC.

Furthermore, Trade.com obtained authorization to operate in the Middle East market in September 2023, aligning with the opening of its office in Dubai, operating under the regulatory framework of the local government.

Trade.com Undergoes Management Buyout & Expands Globally

According to representatives from Trade.com, the company envisions building a global network of licenses by 2025, positioning itself as one of the premier global fintech operators. CEO Roei Gavish emphasized the company’s commitment to being a “global brand with a local face.”

Trade Capital UK (TCUK) Ltd, the UK branch of Trade.com, has reported a remarkable 216% increase in revenue, reaching £759,240 in 2022, accompanied by an equivalent net profit. Incorporated in 2017 and receiving FCA approval in September 2019, TCUK launched its operations in mid-October 2019.

The Companies House filing for the firm stated, “While the 2022 revenues recorded a 216% increase and the net profit was increased by 295% compared to the net loss of 2021, more accurate comparative figures and performance metrics will become available in subsequent years.”

Moreover, Trade.com recently welcomed Michalis Tsaousellis as Chief Dealer. Based in Cyprus, Tsaousellis will oversee the trading team, introduce new products, and optimize their development. He brings extensive experience to the role as Senior Dealer at FXPRIMUS for five years.

As Trade.com continues to make strategic moves, the global financial community is keenly watching for further developments. Stay updated with the latest broker news to track the evolution of this dynamic player in the fintech industry.

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