The broker currently operates with five regulatory licenses but none from the EU.
The Cyprus office started operations with 15 employees.
CPT Markets, a forex and contracts for differences (CFDs) brokerage
firm, is making strategic moves to strengthen its European presence with the
inauguration of a new office in Larnaca, Cyprus, marking the firm's first
physical presence within the European Union.
CPT Markets’ New Cyprus Office
The broker has inaugurated its Cyprus office today. Ioan Mihalachi will head the new unit, which has started operations with 15 staff across departments, including operations, support, back office, payments, dealing, risk management, and compliance.
Mihalachi joined CPT Markets earlier this year as the Chief Operating Officer, bringing about 14 years of experience to the role. Before joining CPT Markets, he was the CEO of Multibank's Cyprus unit and helped it receive a license in Cyprus.
Ioan Mihalachi, COO at CPT Markets
“Cyprus has always been a hub for the financial services industry. The island boasts a wealth of professionals
experienced in the trading sector, making it a highly strategic location for
brokers,” Mihalachi told Finance Magnates, mentioning the advantages of a presence in Cyprus.
“The primary focus of the new Cyprus office will be to ensure operational effectiveness across all units of CPT Markets.”
Expanding Reach
CPT Markets (previously known as Citypoint Trading) offers trading services with margin forex and CFDs of indices, commodities, stocks, and cryptocurrencies to retail traders. However, the product offerings differ from one region to another.
Currently, CPT Markets operates with five licenses, including those from the regulators in the United Kingdom, South Africa, and Belize. However, the broker does not have any operational license within the European Union.
By establishing a presence in Cyprus, CPT Markets is poised to expand its
European operations. The company also plans to apply for a Cyprus Investment Firm (CIF)
license from the Cyprus Securities and Exchange Commission (CySEC) in the
future.
CPT Markets, a forex and contracts for differences (CFDs) brokerage
firm, is making strategic moves to strengthen its European presence with the
inauguration of a new office in Larnaca, Cyprus, marking the firm's first
physical presence within the European Union.
CPT Markets’ New Cyprus Office
The broker has inaugurated its Cyprus office today. Ioan Mihalachi will head the new unit, which has started operations with 15 staff across departments, including operations, support, back office, payments, dealing, risk management, and compliance.
Mihalachi joined CPT Markets earlier this year as the Chief Operating Officer, bringing about 14 years of experience to the role. Before joining CPT Markets, he was the CEO of Multibank's Cyprus unit and helped it receive a license in Cyprus.
Ioan Mihalachi, COO at CPT Markets
“Cyprus has always been a hub for the financial services industry. The island boasts a wealth of professionals
experienced in the trading sector, making it a highly strategic location for
brokers,” Mihalachi told Finance Magnates, mentioning the advantages of a presence in Cyprus.
“The primary focus of the new Cyprus office will be to ensure operational effectiveness across all units of CPT Markets.”
Expanding Reach
CPT Markets (previously known as Citypoint Trading) offers trading services with margin forex and CFDs of indices, commodities, stocks, and cryptocurrencies to retail traders. However, the product offerings differ from one region to another.
Currently, CPT Markets operates with five licenses, including those from the regulators in the United Kingdom, South Africa, and Belize. However, the broker does not have any operational license within the European Union.
By establishing a presence in Cyprus, CPT Markets is poised to expand its
European operations. The company also plans to apply for a Cyprus Investment Firm (CIF)
license from the Cyprus Securities and Exchange Commission (CySEC) in the
future.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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Connect with us:
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Connect with us:
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📸 Instagram: https://www.instagram.com/financemagnates
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Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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