Online trading platform ICM.com has expanded its footprint in the MiddleEast by entering Jordan.
In a press release shared exclusively with Finance Magnates, the London-headquartered firm has detailed that it has now added Jordan Securities Commission (JSC) to its list of regulators.
Commenting on the expansion, Shoaib Abedi, founder and director of ICM.com, said: “We recognize the many benefits of Jordan having a stable and growing economic environment and are pleased to announce we are going to be part of that. We are always looking for new opportunities to expand globally in order to provide our current and future clienants with the support and customer services that ICM.com has become known for over the past 11 years.”
A strategic market in the region
The expansion into the country has been marketed by opening a new office in Amman and with the appointment of Nihad Silawi, ICM.com’s operations manager, as its head.
ICM.com also inked a deal with ASWAQ Invest, a local leading brokerage and investment company, for its expansion into the new country.
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“As we keep adding to our growing list of regulated entities around the world, we’re incredibly proud of the new office that is opened in the heart of Amman, a growing and economically thriving city,” Abedi added.
“This mutually beneficial partnership with ASWAQ, a strong investment company with a great reputation in the region, will result in ICM.com leading the way in expanding the financial services on offer in Jordan and the wider Middle East region.”
Formerly known as ICM Capital, ICM.com now has a global presence in the United Kingdom, Europe, Asia, Latin America, and the MiddleEast.
Apart from the JSC, the platform is already regulated by five other regulators, including agencies in the UK, Cyprus, Malaysia, and Mauritius.