Trade.com Italian Market Expansion: Introducing TRADE Challenges for Innovative Trading Opportunities. Join Now!
Trade.com Italian Market Expansion: Introducing TRADE Challenges for Innovative Trading Opportunities. Join Now!
Trade.com Expansion: Debuting in the Italian Market Following Acquisition of Regulatory License, Exclusive Report by Finance Magnates. Operating under the locally established entity Trade Capital Italia SIM, authorized by Consob as an investment services company, the platform is set to cater to retail and professional clients.
This launch introduces a new product called “TRADE Challenges,” aiming to enhance the trading experience for Italian customers. Initially offering US and EU-listed equities, the platform plans to expand its offerings to include contracts for differences (CFDs) within the next two to three months.
Roei Gavish, the Group CEO of Trade.com, expressed optimism about the move, emphasizing Italy’s significance as a strategic market. Gavish stated, “We see Italy as a very strategic market. We believe a local setup with a strong banking relationship will create a big opportunity.”
This expansion aligns with Trade.com’s previously disclosed intentions to enter the Italian market, with further plans to venture into the United States. The broker, already regulated in multiple jurisdictions including Dubai, the UK, Cyprus, South Africa, Mauritius, and Spain, aims to extend its presence across more European Union countries in the coming year.
In addition to geographical expansion, Trade.com shared the “TRADE Challenge,” a program offering funding ranging from $10,000 to $200,000 to eligible traders. Under this initiative, the company will provide its capital to traders and share 70 percent of the profits generated. The service will be accessible through Trade.com’s proprietary trading platform, available on both web and mobile devices.
While Trade.com joins the ranks of brokers offering such initiatives, including OANDA, Axi, and Hantec Markets, the TRADE Challenge underscores the company’s commitment to providing innovative solutions to retail traders. With plans to extend this service to traders across Asia, Latin America, Africa, Europe, and the Middle East and North Africa, Trade.com aims to solidify its position in the competitive brokerage landscape.
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