Capital Index (UK) Ltd, an online brokerage founded in January 2014, announced today that it has been granted authorised status by the UK’s Financial Conduct Authority (FCA) to provide regulated products and services. The group has operations in the UK, Australia, South Africa and Cyprus and was already regulated by CySEC which it used until now to access the European market.
The CEO of the group since its inception is FX veteran Rob Woolfe, the former head of FX at ETX Capital. Woolfe commented today: “Our international customer base includes a large number of CFD and Financial Spread Betting clients from the UK. The UK market is and will always be a very important market for us as it is for many of our international competitors. However, what now sets us apart from the vast majority of other CFD and FX providers is that we have gone that extra mile, becoming fully authorised and regulated by the FCA.
Not only does this give extra protection for the clients of Capital Index (UK) Ltd, being regulated by the FCA is an important sign of trust that will assist us when entering new international markets in the near future. Clearly, having one of the worlds most respected regulatory organisations grant you a licence shows just how much hard work we have put in to making sure we are operating at the highest level.”
He added an explanation for the need for dual European licences, saying: “The Group’s core philosophy is to have the integrity and professionalism to do the right things, at the right time, in the right way whether that is in customer servicing, trade execution or in the systems and controls we put in place to manage our operations. Pushing ourselves to be regulated not just by one but two respected regulators is a reflection of that core belief.”