Kohle Capital Markets, which operates a forex and contracts for differences (CFDs) brokerage platform with a Mauritius license, has rebranded itself to KCM Trade. The rebranding is a strategic move as the broker highlighted its ambitions to expand its global presence.
KCM Trade’s Expansion Drive
“Our new brand identity is a reflection of our commitment to delivering world-class financial services to our clients. We are confident that this rebranding effort will help us better serve our clients, enhance our market presence, and reinforce our position as a leader in the industry,” said the Group CEO of KCM Trade, Ryan Tsui, who joined the broker last May.
The official announcement on Monday detailed that the brokerage plans to expand its footprint in Southeast Asia. It will open new branches in Vietnam, Indonesia, and the Philippines, in addition to its presence in Hong Kong, Thailand, Mauritius, and Australia. The Vietnam office is scheduled to open in May, while ones in Indonesia and the Philippines are targeted to be established in the third quarter of this year, KCM Trade told Finance Magnates.
Additionally, the broker will target retail brokerage clients in the region with seminars, sponsorships, partnerships, and education channels. It will also increase the number of staff to support the expansion effort.
Becoming a Global Broker
KCM Trade came into existence in 2016 when it was only a liquidity provider for institutional brokers and served more than 60 traders with mobility. It expanded services into the retail brokerage space in 2019 under the brand Kohle Capital Markets. The offerings of the platform include CFDs instruments for margin forex, shares, indices, and commodities.
Presently, the brokerage operates with a license obtained from the financial market regulator in Mauritius. On top of that, it has held an Australia Financial Services (AFS) license since 2019 but has yet to onboard clients under that license. However, the broker has started trading classes under the Aussie entity this month.
Meanwhile, KCM Trade has strengthened its Asia Pacific presence with new hirings. Earlier this year, the broker expanded its team in Australia by onboarding Tim Waterer as the Chief Market Analyst and Jason Lau as the Country Manager.
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