A positive announcement came from the company that houses the Forex4you broker, E-Global Trade & Finance Group. The company recently obtained a European license. As a result, the opportunity for the company to grow is becoming increasingly available.

On November 17, 2016, the Luxembourg Ministry of Finance issued an authorization to E-Global Trade & Finance Luxembourg SA Company to carry out brokerage business in Europe. The company is a subsidiary of the E-Global Trade & Finance Group for Europe. Companies with a European license are permitted to implement their corporate structure using the European Holding model, allowing all parts of E-Global to operate under a single holding company.

The broker providing leverage of up to 1:500 would also like to emphasize that E-Global Trade & Finance Group will continue to operate under the British Virgin Islands license for Forex4you and Share4you. However, clients can, of course, open accounts with companies that are under European jurisdiction. E-Global Trade & Finance Luxembourg SA Company will operate under a new brand and offer CFD trading on forex, commodities, indices, stocks, and other instruments.

In addition, E-Global's request to provide services through its own trademark, E-Global Marketplace, has been approved. It not only provides liquidity but also supports the company's own trading terminals, namely the FIX API and ECN.

With this license, clients of the Forex4you broker can open accounts under European Holdings. Of course, this step was taken as part of the company's development efforts to be better known and recognized.