WikiFX report: Eurotrader Expands Brokerage Business with South African License

Eurotrader Group has received a license from the South African regulator for its locally formed entity, Eurotrade SA (Pty) Ltd, as the brokerage is pushing for further expansion.

July 29, 2021, | AtoZ Markets – Forex broker Eurotrader Group announced that it has received a license from the South African regulator for the local company Eurotrade SA (Pty) Ltd. The license will help the brokerage company on its way to global expansion.

Eurotrader obtains new South African License

The new company will provide services through the recently purchased domain eurotrader.com. Obtaining a new license and buying a domain is part of the rebranding process. The press release says the company is betting on millennials and young traders.

“Eurotrader focuses on meeting the needs of individual traders as well as those looking to master copy trading or account management systems,” comments Eurotrader CEO Sergei Grigoriev.

Eurotrader offers CFD trading on currencies, cryptocurrencies, indices, commodities and stocks.

The company intends to expand its range of securities by adding shares of American, British, and European companies. In addition, the broker attracts retail traders with fractional stock trading functionality.

“Eurotrader clients have access not only to the tightest currency spreads, but also the opportunity to trade stocks and futures on the leading stock exchanges,” added Grigoriev. “Through fractional stock trading, Eurotrader has also lowered the financial investment barrier for traders on a small budget.”