E-Global Trade & Finance Group gets broker license in Luxembourg

E-Global Trade & Finance Group, the holding company of popular retail FX broker brands Forex4you and Share4you announced it has received authorization from the Luxembourg Ministry of Finance and Commission de Surveillance du Secteur Financier to operate a brokerage as E-Global Trade & Finance Luxembourg S.A.

According to the company, the license (which was authorized last month) will allow E-Global Trade & Finance group in the near future to implement a new corporate structure within the European holding.

The company wants to specify that E-Global Trade & Finance Group will continue to operate under its British Virgin Islands license offering the Forex4you and Share4you brands, but every client will now be able to open a trading account in the company under the European jurisdiction.

It’s worth noting that the new EU based company E-Global Trade & Finance Luxembourg S.A will operate under a new brand and offer CFD trading for the following instruments: forex, commodities, indices, stocks and other CFD instruments.

The company also highlighted that their application was approved in order to provide services through its own product – E-Global Marketplace, which not only aggregates liquidity but also supports their trading terminal, FIX API and ECN offerings.

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