Trade.com, a trading entity under Trade Capital Holding, has recently expanded its operations into the Italian market.
This move comes with the brand securing a regulatory license locally, according to exclusive information obtained by Finance Magnates.
Accompanying this market entry, Trade.com introduced a novel product, the “TRADE Challenges,” aiming to innovate within the trading sector.
The operations in Italy are conducted through Trade Capital Italia SIM, an entity established locally that has received approval from Consob to function as an investment services company.
This development enables Trade.com to cater to both retail and professional clients in Italy, initially allowing them to trade in US and EU-listed equities.
Plans are underway to incorporate contracts for differences (CFDs) into their offerings within the forthcoming two or three months.
Trade.com’s institutional framework in Italy includes collaborations with private bankers and consultants, ensuring the provision of financial advice and operational support, particularly for investment funds.
Roei Gavish, the Group CEO of Trade.com, expressed the strategic importance of the Italian market, stating, “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 into Italy was not sudden but part of a broader strategy revealed in September 2022, which also includes potential entry into the United States market.
Trade.com operates under regulations in multiple jurisdictions including Dubai, the UK, Cyprus, South Africa, Mauritius, and Spain.
Although the Italian license is primarily for local operations, there are intentions to extend its validity across more EU countries next year.
In addition to its geographical expansion, Trade.com announced “TRADE Challenge,” a unique offering where the company allocates its capital to eligible traders, allowing them to trade with amounts ranging from $10,000 to $200,000.
Profits are shared, with traders receiving 70 percent.
This initiative is accessible via Trade.com’s trading platforms on both web and mobile, targeting traders across Asia, Latin America, Africa, Europe, and the Middle East and North Africa regions.
Trade.com is among several brokers, like OANDA, Axi, and Hantec Markets, that have introduced similar trading support services.
This sector is burgeoning, with numerous firms dedicated to providing capital and profit-sharing arrangements to traders worldwide.