The past couple of months have been difficult for the EU retail brokerage industry. This doesn’t stop new companies from venturing into the region. The latest firm to join the fray is Trust Capital TC.
The company which was started in Lebanon around 10 years ago just became the newest holder of a CySEC license. Trust Capital TC has appointed one of its original founders, Khoder Hawilo to the board of the Cypriot company.
The company’s Executive Director, Farah Hawilo, shared with Finance Magnates some details about the newest soon-to-be-launched brokerage in Limassol. Ms Hawilo shared that the owners behind Trust Capital have 40 combined years in knowledge and expertise in the field.
Being supported by a team that consists of industry experts, financial advisors, market watchers and analysts, the team is striving hard to educate and assist the company’s clients about the market. The customers of Trust Capital belong to all categories – beginners, intermediate and advanced traders.
"Trust Capital TC believes in the value of trading and the financial world in which it operates. This made it an easy choice to open an office in Cyprus, as it is a major global player when it comes to the world of forex trading," Hawilo explained.
The company decided to enter the European market despite the stricter regulatory changes and tougher barriers to entry.
"We are confident that along with our CySEC license and strong credible team, we will take on the market challenges smoothly," said Hawilo.
12 Months to License
The company shared with Finance Magnates that it took the decision to apply for a license about a year ago. The firm is preparing to launch with an MT4 and MT5 offering including mobile.
The initial focus of the new subsidiary of Trust Capital TC is to attract clients with trading seminars, personal mentoring, and webinars. The firm's product range includes over 150 trading instruments including spot FX, metals and CFDs on futures.
"Being visionaries ourselves, our aim is to expand our services globally so that every individual can attain financial freedom. We plan on focusing on European clients, as well as the GCC markets," Hawilo concluded.