Equiti Group Ltd awarded the first brokerage license for a global company by the Jordan Securities Commission

29 January, 2018 - Equiti Group has announced today that it has been awarded a brokerage license by the Jordan Securities Commission (JSC) that allows the company to provide financial advisory and brokerage services in the local and international markets.

Equiti is the first specialised international brokerage to obtain a license of this type in Jordan in 10 years.

Iskandar Najjar, Equiti Group CEO, said: “Equiti is very excited to be expanding its global footprint into Jordan which provides significant growth potential.

“We are particularly pleased that this type of license provides Equiti with the opportunity to lead the way in advancing the capital markets in Jordan and the greater Levant region. Our market entry into Jordan supports Equiti’s global growth strategy to expand our business into new regions in 2018 as well as deliver new product offerings.”

Mohammed Al Ahmad, Managing Director of Equiti MENA, said: “Jordan has been a pioneer in the online trading industry in the region. Through the JSC, Jordan has actively been working over the past few years to establish regulatory controls that allow online trading brokerages to operate in a now tightly regulated environment.

“Granting a license to Equiti shows a willingness on the part of the Jordan Securities Commission (JSC) to open the local market to financial trading instruments that will advance and deepen the financial markets in Jordan, and importantly to establish regulatory controls that will protect consumers.”

Al Ahmad added that Equiti is very pleased to support the country’s economic growth prospects by developing its financial markets. Equiti has already met license requirements and will commence operations in early February 2018. The company will bring its depth of industry knowledge and expertise to the region and employ local talent to support its business in the region.

The majority of company senior experts together have over 50 years’ regional and international experience working with high-net worth clients, top-tier banks, prime brokerages and technology providers within the margined FX/CFDs brokerage industry.

Equiti provides extensive educational support and training through its online educational portal - Equiti Academy, which offers a wide range of educational tools including regular seminars, webinars, articles and social media channels.

In addition, Equiti is also working with educational institutions in Jordan to advance the Fintech community and looks forward to announcing technological developments in the near future.