Indonesian Monex Investindo Futures Launch UK Licensed Brokerage
- Indonesian based Monex Investido Futures announced today the launch of London based Monex Capital Markets. Licensed by the FCA, Monex Capital becomes the Indonesian firm’s move into the EU and international markets,
Indonesian-based Monex Investindo Futures (MIF) is announcing today the launch of London-based Monex Capital Markets. Licensed by the FCA, Monex Capital becomes the Indonesian firm’s move into the EU and international markets, expanding MIF’s focus from just Southeast Asia. Not to be confused with Monex Group of Japan, MIF is a Jakarta-based and licensed Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi , futures and CFD broker that was founded in 2000, and is part of Indonesian conglomerate Ravindo Group.
While the larger trend in the forex markets is UK and European brokers launching Asian-based subsidiaries and offices to target the fast growing region, the reverse is also taking place. For Asian firms, western expansion is being utilized by firms to increase their global brand awareness, as well as to target expatriates in foreign countries.
In terms of Monex Capital Markets, the broker will be headed by Patrick Latchford, a former CMC Markets executive. In addition, on its launch, the firm will be offering clients the tradable platform, marking a small but growing list of UK brokers to offer the platform. The broker also stated that it plans to offer binary options trading in the near future.
In regards to tradable, Jannick Malling, CEO of tradable, commented in Monex’s public statement that, “It's exciting to see another broker setting up in London, and of course, we are very happy that they have chosen to showcase tradable to their clients.” Patrick Latchford, CEO of Monex Capital, added, “Our objective is to ensure clients have the trading tools and platform that meet their own needs. That’s why we’re launching with both tradable and MT4, and we believe that this will encourage the next generation of traders to look at Monex Capital."
In addition to sourcing FCA regulation, earlier in the year, MIF also became licensed by CySec. However, as of now, MIF is yet to market brokerage activity using the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision license. Being approved in April, it is possible that MIF had initially expected to launch Monex Capital Markets as a Cypriot broker, having later decided to seek FCA approval following financial instability in Cyprus.
Indonesian-based Monex Investindo Futures (MIF) is announcing today the launch of London-based Monex Capital Markets. Licensed by the FCA, Monex Capital becomes the Indonesian firm’s move into the EU and international markets, expanding MIF’s focus from just Southeast Asia. Not to be confused with Monex Group of Japan, MIF is a Jakarta-based and licensed Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi , futures and CFD broker that was founded in 2000, and is part of Indonesian conglomerate Ravindo Group.
While the larger trend in the forex markets is UK and European brokers launching Asian-based subsidiaries and offices to target the fast growing region, the reverse is also taking place. For Asian firms, western expansion is being utilized by firms to increase their global brand awareness, as well as to target expatriates in foreign countries.
In terms of Monex Capital Markets, the broker will be headed by Patrick Latchford, a former CMC Markets executive. In addition, on its launch, the firm will be offering clients the tradable platform, marking a small but growing list of UK brokers to offer the platform. The broker also stated that it plans to offer binary options trading in the near future.
In regards to tradable, Jannick Malling, CEO of tradable, commented in Monex’s public statement that, “It's exciting to see another broker setting up in London, and of course, we are very happy that they have chosen to showcase tradable to their clients.” Patrick Latchford, CEO of Monex Capital, added, “Our objective is to ensure clients have the trading tools and platform that meet their own needs. That’s why we’re launching with both tradable and MT4, and we believe that this will encourage the next generation of traders to look at Monex Capital."
In addition to sourcing FCA regulation, earlier in the year, MIF also became licensed by CySec. However, as of now, MIF is yet to market brokerage activity using the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision license. Being approved in April, it is possible that MIF had initially expected to launch Monex Capital Markets as a Cypriot broker, having later decided to seek FCA approval following financial instability in Cyprus.