FXOpen Granted FSA License

FXOpen, one of the world’s largest MT4 brokers, was just granted an FSA license. Company briefly stated the following: LONDON,
Photo: Michael Greenberg

fxopenFXOpen, one of the world’s largest MT4 brokers, was just granted an FSA license. Company briefly stated the following:

LONDON, March 25, 2013 – FXOpen, a leading forex broker, announced a major development in its global business – FXOpen Ltd, part of FXOpen group of companies, is now authorised and regulated by the Financial Services Authority (FSA) in the United Kingdom under reference number 579202.

“Authorisation by the FSA represents important recognition of our commitment to the strict regulatory and financial standards that more and more clients come to expect from brokers,” said Alexey Stepanov, CEO of FXOpen Ltd. “We look forward to launching our award winning services in the coming months allowing new customers in the UK and Continental Europe to benefit from FXOpen’s worldwide experience and leading product offering combined with the transparency of a regulated broker”.

Once operations start in the near future, FXOpen Ltd will provide a true ECN/STP environment for its clients offering them a professional level trading environment and market leading levels of service and execution.

FXOpen was the first to bring pure ECN trading over MT4 platform and lately hit over $100 billion in monthly trading volume over its ECN platform alone. The company has certainly come a long way since being removed from Mauritius for no known reason and then settling with the CFTC for accepting US customers. FXOpen was recently granted an ASIC license and now with receiving the FSA one as well it is finally able to compete on same field with other, more established players.

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