ActivTrades Chooses Luxembourg as its New EU Base
ActivTrades UK Plc, the market-leading brokerage, has been granted a license for its Luxembourg office that ensures the smooth transition of services for its European clients after the UK completes its departure from the European Union.
“Europe has always been a key market for ActivTrades and this will not change after the Brexit transition is complete,” said Alex Pusco, CEO of ActivTrades. “The UK’s exit from the EU meant we had to look at new options to best serve our European clients and Luxembourg was the obvious choice because of its strategic position at the heart of the old continent and because of its long financial tradition.”
The London office, a stone’s throw away from the iconic Tower Bridge, will remain the company’s headquarters and will continue to serve British and international clients alongside the brokerage’s base in Nassau, Bahamas. Luxembourg will become the new European reference point and be supported by ActivTrades’ other offices in Milan and Sofia. The Luxembourg branch has been registered as ActivTrades Europe SA, registration number B232167.
The Luxembourg license caps a great 2020 for ActivTrades with the volatility of markets allied to the successful adoption of its ActivTrader platform seeing it post record revenue and profits for the first half of the year.