Brokeree Solutions, a trading technology provider , announced today (Monday) that it has chosen Cyprus as the location for its new office. As the company explains, the decision was sealed by the fact that the country has an extensive financial infrastructure and a friendly environment for conducting business.

Brokeree Solutions Opens an Office in Cyprus

According to Brokeree Solutions, Cyprus is one of the most important international hubs in the retail foreign exchange (FX) and contracts for difference (CFD) industry. Many large brokers and companies which want to provide regulated services within the European Union have their headquarters there.

“At Brokeree Solutions, we firmly believe that by working hand in hand with brokers and industry partners, we can not only stay ahead of the curve but also pave the way for groundbreaking advancements,” Julia Ilichyova, the Operations Director at Brokeree Solutions, commented.

Ilichyova further emphasized that Cyprus is a perfect platform for her company to build meaningful collaborations and acquire new customers.

On top of that, Brokeree focuses on developing its product range in search of new customers. In May, the company announced the launch of a new mobile application for social trading. Previously, the company introduced cross-server social trading, allowing signal providers and followers to exchange and replicate signals across numerous MetaTrader servers.

Victor Ivanov, the Regional Head of Business Development (EMEA) at Brokeree Solution, is convinced that having a physical office in Cyprus will allow much closer cooperation with current customers and greater synergy.

“We can engage in face-to-face discussions, exchange ideas, and develop solutions that directly address the evolving needs of the market,” Ivanov concluded.

Ivanov, who previously worked as a Business Development Executive, was promoted to his current post in July 2022.

Growing Number of Customers from Cyprus

Recently, Brokeree announced numerous new partnerships. In May, the company teamed up with Advance Markets, providing liquidity management technology for MetaTrader 4, MetaTrader 5, and DXtrade platforms.

Earlier, Aron Groups Broker decided to cooperate with the technological solutions provider, implementing the copy trading tool. In the meantime, Brokeree formed a partnership with Match-Prime, integrating liquidity solutions.

In February, the FX software company XCritical implemented social trading solutions offered by Brokeree. They were integrated with the customer relationship management (CRM) system, which XCritical offers.