RoboForex Group, a specialised international brokerage and trading platform headquartered in Cyprus, is set to operate in Belarus after receiving a regulatory licence to operate in the East European nation. The brokerage now has licences to operate in Cyprus and Belize.
The parent company RoboForex Group currently operates two brands: RoboForex and RoboMarkets, that are licensed to operate in Belize and Cyprus respectively. Andrei Dziarnovich, chief executive officer of RoboForex BY, said, “Receiving the licence of the National Bank of the Republic of Belarus is a very important step of our expansion in CIS countries.”
“Our key priority is to lead the industry while providing quality services on global financial markets, attractive trading conditions, and reliable protection of our clients’ interests.”
RoboForex is not the only company targeting the lucrative Belarus market. In the middle of April, the National Bank of Belarus offered regulatory approval to Capital.com, an online trading platform. Companies targeting Belarus reflects a rising trend in the retail trading market.
Currently, RoboForex is establishing its presence in the market. Apart from RoboForex foraying into Belarus, Jordan-based trading broker Equiti Group has established a new brokerage in Kenya. Likewise, companies from several countries have received regulatory licences for brokerages in South Africa.
Using cutting-edge platforms, RoboForex offers myriad trading instruments that include forex, stocks, indices, ETFs, commodities, energies, metals, and cryptocurrencies.