Monday, December 5 2022

“Regulation and good governance have always been and will continue to be a key part of Equiti’s business model.”

Equiti Group has obtained an operating license from the Cyprus Securities and Exchange Commission (CySEC), the advertised provider of online trading technology and multi-asset financial products.

The CySEC license – Equiti Group’s eighth regulatory license – has been awarded to local group entity Equiti Global Markets Ltd, which is registered in Cyprus, and is an important step in its ambitious global growth strategy.

Hesham Hasanin Appointed CEO of CySEC Licensed Equiti Global Markets Ltd

Hesham Hasanin, who has served as executive director of the group’s EGM Laboratories in Cyprus since mid-2020, has been appointed managing director of CySEC-licensed entity Equiti Global Markets Ltd.

While in charge of setting up Equiti’s operations in Cyprus, Hesham Hasanin was also Global Head of Trading Solutions at Equiti Group.

He is an expert in administration of FX trading platforms including MetaTrader 4, MetaTrader 5. His 18-year career in the FX industry has seen him as MT4 and Vertex platform administrator at UK-based Citypoint Trading as well as Executive Director – Chief Technology Officer at Limassol-based Skopalino Finance and Platform Administrator – RTO at ValuTrades CY.

Other rules include CTO at Crown Information Technology, CTO at Basel Financial, CTO at Crown Forex SA and Platform Administrator at Jura Financial.

“Our CySEC license gives our customers peace of mind”

Iskandar Najjar, Managing Director of Equiti Group, said: “We are delighted to have obtained our new CySEC license which allows us to extend our business-to-business offer in a secure and regulated manner to our customers in Europe.

“Our CySEC license gives our clients peace of mind knowing that they are with a global broker in Europe that they can trust and that with CySEC’s regulatory oversight, strict financial market regulatory standards are met. .

“Regulation and good governance have always been and will continue to be a key part of Equiti’s business model.”

Equiti Group has several regulated entities located around the world, including:

  • Equiti Capital UK Ltd, regulated by the UK Financial Conduct Authority (FCA);
  • Equiti Securities Currencies Brokers LL, regulated by the Securities and Commodities Authority (SCA) of the United Arab Emirates;
  • Equiti Brokerage (Seychelles) regulated by the Seychelles Financial Services Authority;
  • EGM Securities Ltd regulated by the Capital Markets Authority (CMA) of Kenya;
  • Equiti Group Limited Jordan LLC, regulated by the Jordan Securities Commission (JSC);
  • EGM Futures DMCC, regulated by the Securities and Commodities Authority (SCA) of the United Arab Emirates; and
  • Equiti AM CJSC regulated by the Central Bank of Armenia.
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