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RoboMarkets to Stop Offering FX and CFD Services in Europe by Early 2025

2024-09-10 BrokersView

Cyprus-based multi-asset broker RoboMarkets announced important strategic changes in its business, focusing on developing products and services for the stock market and ETFs. From early 2025, high-risk and leveraged instruments like FX and CFDs will be fully removed and unavailable in RoboMarkets’ European entities.

 

Effective January 1, 2025, RoboMarkets LTD, which is regulated by CySEC, will become an institutional broker only and will no longer serve retail clients. This decision reflects the company's commitment to focusing on and permanently optimizing the technology, execution, and other aspects of its top-quality products.

 

According to internal research of the companies and analysis of supply and demand in the retail investment sector, the European market intends to develop and strengthen its positions in the exchange assets field, which determined RoboMarkets’s decision.

 

As part of this shift, RoboMarkets Deutschland GmbH, the company’s Frankfurt-based and BaFin-regulated entity, will become the center for servicing retail clients in Europe, focusing exclusively on stocks, bonds, and ETFs.

 

Vanyo Walter, Director of RoboMarkets Deutschland GmbH, stated, “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. 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.”

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