RoboMarkets group is announcing strategic changes to its
European business model, which are planned to be implemented by the end of
2024.
In a press release, the group stated: “Given the
conditions of the European market, we have decided to focus our European
operations and expertise on serving primarily stock investors and
traders.”
As part of this shift, the Frankfurt-based and
BaFin-regulated entity, RoboMarkets Deutschland GmbH, will become the centre
for serving European retail clients, concentrating exclusively on stocks,
bonds, and ETFs. The Cyprus-based and CySEC-regulated RoboMarkets Ltd will
transition to an institutional broker, no longer serving retail clients from
early 2025. This change will allow the company to continuously focus on and
permanently optimise the technological, execution, and other top-quality
aspects of its products.
High-risk and leveraged instruments, such as FX and
CFDs, will be fully discontinued and no longer be available through
RoboMarkets’ European entities from early 2025.
Vanyo Walter, Director of RoboMarkets Deutschland GmbH,
commented: “The RoboMarkets has strong expertise in IT, liquidity, and
other aspects of brokerage, which we aim to leverage to compete effectively in
the stock brokerage sector. Our proprietary platform, developed by our IT team
and supported by ongoing investments in technology, is designed to benefit our
clients and attract more self-directed traders and investors in Europe. Moving
forward, RoboMarkets Deutschland GmbH will continuously expand its stock
offerings and markets, optimise trading conditions, and maintain a stable,
competitive, and attractive environment for clients. We believe the market for
self-investing and trading in stocks will grow significantly in Europe, and we
are committed to becoming one of the leading stockbrokers in the region.”
RoboMarkets Ltd
is a European financial brokerage company with CySEC license number 191/13.
RoboMarkets provides investment services in many European countries, providing
access to proprietary trading platforms for traders working in the financial
markets.
RoboMarkets
Deutschland GmbH is a BaFin regulated broker with license number
154068. The company is headquartered in Frankfurt am Main.
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6.00pm 20th December 2024 - Sponsorship & Events - This story was updated on Saturday, December 21st, 2024 The Ladies European