Mitrade's Strategic Expansion with New FSCA License Acquisition
Mitrade Expands Global Presence with Latest Acquisition
Mitrade, a prominent CFD trading platform known for its industry accolades, has recently achieved a significant milestone by acquiring Fridah Asset Managers Pty Ltd. This move, which will lead to the renaming of Fridah to Mitrade Markets Pty Ltd, marks the company's pursuit of enhanced regulatory standing and market expansion, particularly within the African, Middle Eastern, and Latin American regions.
Enhancing Regulatory Footprint
This latest acquisition represents the fifth regulatory license for Mitrade, with its existing licenses spanning regulatory bodies such as ASIC (Australia), CIMA (Cayman Islands), FSC (Mauritius), and CySEC (Cyprus). The newly acquired FSCA license strengthens Mitrade’s commitment to offering reliable access to over 800 financial instruments, including popular options like forex, indices, commodities, ETFs, and shares.
Mitrade's Vision for Emerging Markets
The acquisition is crucial for Mitrade's long-term objectives aimed at making a stronghold in emerging markets. The Middle East and North Africa (MENA), alongside Latin America (LATAM), showcase a rapidly growing interest from retail investors seeking greater market access and innovative trading solutions. A recent report from a leading financial intelligence source indicates that while Asia commands the majority of global CFD trading, engagement from these emerging regions has been steadily increasing, highlighting a shift toward mobile trading platforms.
Fostering Inclusivity in Trading
Kevin Lai, the Vice President of Mitrade, emphasized that in today's unpredictable economic environment, building a robust infrastructure across various licensed jurisdictions is vital for sustainable growth. "This acquisition is part of our broader strategy to foster inclusivity, allowing traders from different backgrounds and regions to access exceptional trading experiences through regulated platforms," Lai stated. The vision encapsulates the core of Mitrade's mission to democratize trading.
Commitment to User Experience
Mitrade is designed with a robust platform that prioritizes user experience. The aim is to facilitate quick trade execution complemented by competitive spreads. Traders can engage with the platform seamlessly across multiple devices, ensuring accessibility and user-friendliness.
Understanding the Risks of CFD Trading
While Mitrade's offerings include a vast range of financial instruments, it's important to highlight the associated risks of trading CFDs. These instruments are inherently complex and can lead to rapid financial losses due to leverage. Recent data shows that a significant percentage of retail investors encounter losses while trading CFDs. It's advisable for potential traders to fully comprehend the workings of CFDs and assess whether they can handle the risks involved.
About Mitrade
As a globally recognized platform, Mitrade strives to connect over 5 million traders to various OTC derivatives, prioritizing access and inclusivity in the trading market. Its software is tailored to provide efficient trading mechanisms that cater to a diverse clientele.
Frequently Asked Questions
What did Mitrade recently acquire?
Mitrade acquired Fridah Asset Managers Pty Ltd, which will be renamed Mitrade Markets Pty Ltd, enhancing its regulatory presence.
How many regulatory licenses does Mitrade currently hold?
Mitrade now holds five regulatory licenses from various regions, including the FSCA in South Africa.
What financial instruments does Mitrade offer?
Mitrade provides access to more than 800 financial instruments, such as forex, indices, commodities, ETFs, and shares.
What regions is Mitrade focusing on with this acquisition?
The company aims to strengthen its presence in the Middle East and North Africa, as well as Latin America, through this strategic move.
Is trading CFDs risky?
Yes, trading CFDs involves substantial risks, and it is reported that a considerable percentage of retail investor accounts experience losses.
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