Trade Capital Markets, the owner of retail broker TRADE.com, told Finance Magnates on Thursday that it is opening a new office in Spain.
Based in Barcelona, the new entity has the approval of Spain’s financial regulator, the CNMV, and is part of the group’s efforts to provide a more bespoke set of services to its customers.
“We are pleased to see the rapid uptake in the services that we offer worldwide,” said Roei Gavish, Managing Director, Trade Capital.
“It was an evident next step for us to expand in Spain. We hope that traders there will enjoy our advanced products and cutting edge technology.”
Alongside its new office in Catalonia, TRADE.com will be providing a new set of services aimed at its Spanish-speaking clients.
For example, the broker will provide live seminars in trading Spanish stocks, such as Banco Santander, Repsol, and BBVA.
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Local experts will also be on hand at the office to provide customers with trading support and any information they need.
The opening of an office in Barcelona comes two months after TRADE.com announced that it was expanding into Germany.
At the end of April, the broker told Finance Magnates that it was opening a new office in Frankfurt.
As with its new Spanish operations, TRADE.com is providing its German clients with seminars in their native tongue and trading pointers for local equities.
The company also told Finance Magnates on Thursday that it is planning on launching a new set of products in the near future, including pre-IPO allocations and thematic portfolios.
Based and regulated in Cyprus, TRADE.com has another regulatory license in South Africa. Trade Capital Holding also operates a UK-regulated entity, Livemarkets, in conjunction with TRADE.com