FX and CFD broker, Pepperstone announced that it has acquired a license from the Cyprus Securities and Exchange Commission (CySEC) to secure European clients ahead of the uncertainty regarding Brexit.
Finance Magnates reported earlier this year about the efforts of Pepperstone to secure a CySEC license. The broker aims to use Cyprus as a base to expand its services across Europe. Established in 2010, the company now holds licenses from different regulatory authorities including ASIC, DFSA and CySEC.
In an official press release, the broker confirmed that Victor Zachariades will lead the Cyprus operations under Pepperstone EU Limited. Zachariades served on key senior-level positions at some of the prominent brokers across different regions.
Commenting on the matter, Zachariades said: “We’re now pleased to be officially operational under our Cypriot license, our European operations ensure we’re well-placed to deliver our global commitment to our clients while providing products and services people can trust.”
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Zachariades added that the Cypriot license is a move to secure the company’s Brexit plan and also an opportunity to expand in the European region.
This year has been pretty active for Pepperstone as the broker obtained licenses from regulatory authorities in Dubai, Kenya and Cyprus. Moreover, Pepperstone opened multiple offices across different locations. Further, the company appointed Tony Gruebner as Chief Marketing Officer recently.
“This year marks the 10th anniversary of Pepperstone and we are excited to celebrate it with the achievement of our new Cyprus license. It’s been a huge year for the business. We’ve launched a number of offices in multiple jurisdictions. This growth is testament to our agility, ambition, and dedication to delivering what our clients need and want,” Tamas Szabo, Group CEO of Pepperstone, said in a statement.
According to the released statement, the company has more than doubled in size over the past two years. The focus is to deliver the best quality pricing, speed and service to experienced traders.