Eurotrader Group announced that it has gained a license from the South African regulator for its locally formed entity, Eurotrade SA (Pty) Ltd, as the brokerage is pushing for further expansion.
Services under the new entity will be offered from the newly acquired eurotrader.com domain.
The brokerage primarily offers its services across Europe under its Cyprus-registered entity and also operates Marshall Island-based Eurotrade Global Ltd for global services.
The gain of the new license and acquisition of the domain came with the brokerage’s rebranding efforts. The press release shared with Finance Magnates detailed that the broker is now targeting millennial and younger traders, which became an aggressively growing demographic.
“Eurotrader’s focus is to accommodate the needs of individual traders as well as those looking to explore copy trading or account management systems,” Sergei Grigoriev, executive director at Eurotrader, said in a statement.
Expanding Retail-Centric Services
The broker offers trading services with contracts for difference (CFDs) of forex, cryptocurrencies, indices, commodities, and shares. The last one, however, is not available to traders under the CySEC-regulated entity.
It is further increasing its offerings by adding stocks of US, UK, and European companies and will allow fractional shares trading to attract retail traders.
“In addition to offering industry lowest forex spreads, Eurotrader clients will have the opportunity to trade on physical shares and futures on the world’s leading exchanges. Having direct market access to such products will enable our clients to invest in publicly listed companies,” Grigoriev added.
“Eurotrader has also lowered the financial barrier to investing for its more budget-oriented traders with the inclusion of fractional shares.”
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