Equiti Group Gains License 

Equiti Group announced on Thursday that it has received a new regulatory license from the Financial Services Authority (FSA) Seychelles. The multi-asset brokerage received the license as an award, by the locally formed entity Equiti Brokerage (Seychelles) Ltd.

The laws of six jurisdictions now regulate the broker. The financial regulators of the UK, the UAE, Jordan, Kenya, and Armenia issued its other licenses.

Iskandar Najjar, CEO at Equiti Group, said the FSA license is a significant milestone for the company. It will support their future expansion into new regions, such as Latin America and South-East Asia. They will now as well be able to deliver new product offerings.

He also said, regulatory compliance and strong business ethics are at the core of their operations. Their clients can be assured they’re dealing with one of the most regulated and progressive global fintechs in the industry. And that is with the addition of their FSA license.

Emerging Markets

Equiti Group gained the new license when it was already inking deals with other market players. This was in streamlining and expanding its services.

Equiti Capital UK has partnered with trading technology provider, FXCubic to receive proprietary liquidity solutions and price management systems. The firm also partnered with Your Bourse,  a close-knit team of IT and financial geeks united by their beliefs.

It also partnered with Gold-i, a global market leader in trading technology, that helps forex brokers, to further enhance liquidity.

It is also expanding aggressively in the African markets and is among the few regulated brokerages in the region. Moreover,  it received a license from Kenya’s Capital Markets Authority in 2018. It  presently operates there as EGM Securities.

The company signed a partnership agreement in June with Genghis Capital, an investment bank in Kenya. It is also an innovative and customer-focused investment solutions provider.