Doo Group Opens Biggest European Office In Cyprus
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Doo Group, a well-known broker, has opened a new office in Limassol, a busy financial city in Cyprus. This office is now its biggest one in Europe. The company made the announcement today (Monday), sharing its excitement about the expansion.
This is the second office for Doo Group in Cyprus, the new office has a different address from the one registered with the Cyprus Securities and Exchange Commission (CySEC). The broker also shared that about 80 employees are working from this location, making it an important place for the company.
The New Office Helps Doo Group Grow In Europe
Doo Group noted that this new office is very important for the company’s brand in the EMEA region. It said the office will help the company provide top financial services to customers in Europe and other parts of the world. The broker wants to grow bigger, and this office is part of its plan to expand its business.
Doo Group received a special license from Cyprus in September last year. This license allows the company to offer financial services in Europe, including contracts for difference (CFD) trading. The company officially announced the license in November, making it clear that it is serious about growing in the region.
Doo Group also has licenses in the United States, the United Kingdom, Australia, Hong Kong, Malaysia, and Indonesia. This shows that the company is present in many important markets around the world.
Many Brokers Are Leaving Cyprus While Doo Group Expands
While Doo Group is opening a new office in Cyprus, some other brokers are moving away. Reports show that 26 Degrees is thinking about giving up its Cyprus license. BDSwiss also had its license suspended. Last year, FXTM stopped offering services in Cyprus and gave up its license, and Banxso stopped taking in new clients under its Cyprus license.
Doo Group, however, is moving in a different direction. The company shared that it has more than 1,000 employees working in over 20 offices around the world. This shows that Doo Group is growing and making its business stronger.
The company does more than just brokerage services. It is also involved in wealth management and payments. This means it is working in different areas of finance, making it a big player in the industry.
Meanwhile, other brokers are also opening new offices in different locations. CFI, another broker, opened its first office in Baku, Azerbaijan, after buying a local company. Deriv, a well-known trading company, also opened a second office in Cyprus in December.
Doo Group’s expansion shows its commitment to growing in Europe. The company is focusing on providing the best financial services to its clients while increasing its presence in different markets. As it continues to expand, many will be watching to see how this new Cyprus office helps the company in the future.
