By Andrei Skvarsky.
Seychelles-headquartered foreign exchange and contract for differences (CFD) broker M4Markets has obtained a licence from the Cyprus Securities and Exchange Commission (CySEC) authorising it to cater to European traders.
The authorisation came via the acquisition by The Oryx Group, the Belgian-based company behind M4Markets, of CySEC-licensed investment firm ICC Intercertus Capital, which has since renamed itself Harindale and will operate as M4Markets Europe, the brokerage said in a statement.
M4Markets said it had been operating outside Europe for the past two years.
Harindale is headquartered in Limassol, Cyprus.
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