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 gain of the new license and acquisition of the domain came with the brokerage’s rebranding efforts.
“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. Eurotrader is quickly becoming one of Europe’s preferred brokers due to their industry leading pricing and low fees.
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Additionally, it is 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 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.”