“Regulation and good governance have always been and will continue to be a key part of Equiti’s business model.”
Equiti Group has secured an operating license from the Cyprus Securities and Exchange Commission (CySEC), the provider of online trading technology and multi-asset financial products announced.
The CySEC license – Equiti Group’s eighth regulatory license – was awarded to the group’s local entity Equiti Global Markets Ltd, which is registered in Cyprus, and is a significant milestone in its ambitious global growth strategy.
Hesham Hasanin named CEO of CySEC-authorized Equiti Global Markets Ltd
Hesham Hasanin, who has been Executive Director of the group’s EGM Labs in Cyprus since mid-2020, was appointed Chief Executive Officer of the CySEC-authorized entity, Equiti Global Markets Ltd.
While in charge of setting up Equiti’s Cyprus-based operation, Hesham Hasanin was also Global Head of Trading Solutions at Equiti Group.
He is an expert in FX trading platform administration, including MetaTrader 4, MetaTrader 5. His 18-year career within the FX industry saw him as MT4 and Vertex platform administrator at UK-based Citypoint Trading as well as Executive Director – Chief Technology Officer at Limassol-based Skopalino Finance, and Platform Administrator – RTO at ValuTrades CY.
Other rules include CTO at Crown Information Technology, CTO at Basel Financial, CTO at Crown Forex SA, and Platform Administrator at Jura Financial.
“Our CySEC license gives our clients peace of mind”
Iskandar Najjar, Chief Executive Officer at Equiti Group, said: “We are excited to be awarded our new CySEC license that allows us to extend our business-to-business offering in a secure, regulated manner to clients in Europe.
“Our CySEC license gives our clients peace of mind by knowing that they are with a global broker in Europe that they can trust and that with CySEC’s regulatory oversight, strict financial market regulatory standards are adhered to.
“Regulation and good governance have always been and will continue to be a key part of Equiti’s business model.”
Equiti Group has several regulated entities spread across the globe, including:
- Equiti Capital UK Ltd, regulated by the UK’s Financial Conduct Authority (FCA);
- Equiti Securities Currencies Brokers LL, regulated by the UAE’s Securities and Commodities Authority (SCA);
- Equiti Brokerage (Seychelles) regulated by the Seychelles Financial Services Authority;
- EGM Securities Ltd regulated by Kenya’s Capital Markets Authority (CMA);
- Equiti Group Limited Jordan LLC, regulated by the Jordan Securities Commission (JSC);
- EGM Futures DMCC, regulated by the UAE’s Securities and Commodities Authority (SCA); and
- Equiti AM CJSC regulated by the Central Bank of Armenia.
