Officially opened in January 2016, this Cyprus-based international company began its financial services and trading related operations in Macedonia. According to the announcements, X Trade will employ 100 people by 2018, half of which by the end of 2016.
The company has fulfilled its promise in terms of the number of people it planned to employ, so it had 47 employees by November 2016.
This international company operates in the area of online trading on the world foreign exchange market. But, numerous claims of people deceived by this kind of trading and subsequently lost huge sums of money can be found on the Internet.
"With MTS Trading Solutions we strive to train our employees and expand our presence on other European markets," said Sheila Canpagnano, X Trade Managing Director at the official opening.
In this country, X Trade operates under the name MTS Trading Solutions.
Minister Jerry Naumoff said that this investment would help reduce unemployment and retain highly educated youth in the country.
The company was founded in October 2015 with a cash contribution of 5,000 EUR. By the end of 2015, the company had noncurrent assets of about 47,000 EUR.