Capital.com Acquires New Regulatory License in Belarus
The National Bank of Belarus granted a new regulatory license to Capital.com. The company, which is operating globally via its Cyprus license, acquired the new permit at a time when the market in the country is continuously growing with new players.
The event marks Capital.com as the 14th company to be granted a permit to operate in the country. In contrast to the sharp consolidation in the Russian market resulting from the regulatory framework in the country, the approach of the National Bank of Belarus is much more reminiscent of a competitive marketplace.
The company launched a new website capital.com.by localized for the regulatory jurisdiction. A message to clients states that the company is soon going to be open for business.
Expanding in Challenging Times
The Belarus expansion of Capital.com comes during a difficult time for the 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 Read this Term and CFDs brokerage industry. Aside from the new ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term regulatory requirements which have caused a sharp decline in trading volumes for brokers across the board, the forex market has been lately much less volatile than usual.
While firms have been aggressively expanding into new markets over previous years, the current consolidation phase is making any such efforts very rare. New regulatory jurisdictions across the globe have been the most logical destination for expansion.
Earlier today, Finance Magnates reported about Equiti.com's new brand called FXPesa for the Kenyan market. Brokers are looking for new regulated jurisdictions as the requirements on the part of major corporates such as VISA, Mastercard and Google have made it difficult for firms looking to advertise in regulated jurisdictions.
Capital.com has been actively involved in educating its clients about the risks associated with trading. The company is known for developing an in-house tool aiming to analyze trading behavior patterns and assist its customers in making better trading decisions with the help of machine learning.
As the firm sets foot in Belarus, it will have to deposit about $55,000 into the local guarantee fund of the National Forex Center (NFC). Once the transactions are complete, the company will have the right to operate in the country and attract new clients.
The National Bank of Belarus granted a new regulatory license to Capital.com. The company, which is operating globally via its Cyprus license, acquired the new permit at a time when the market in the country is continuously growing with new players.
The event marks Capital.com as the 14th company to be granted a permit to operate in the country. In contrast to the sharp consolidation in the Russian market resulting from the regulatory framework in the country, the approach of the National Bank of Belarus is much more reminiscent of a competitive marketplace.
The company launched a new website capital.com.by localized for the regulatory jurisdiction. A message to clients states that the company is soon going to be open for business.
Expanding in Challenging Times
The Belarus expansion of Capital.com comes during a difficult time for the 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 Read this Term and CFDs brokerage industry. Aside from the new ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term regulatory requirements which have caused a sharp decline in trading volumes for brokers across the board, the forex market has been lately much less volatile than usual.
While firms have been aggressively expanding into new markets over previous years, the current consolidation phase is making any such efforts very rare. New regulatory jurisdictions across the globe have been the most logical destination for expansion.
Earlier today, Finance Magnates reported about Equiti.com's new brand called FXPesa for the Kenyan market. Brokers are looking for new regulated jurisdictions as the requirements on the part of major corporates such as VISA, Mastercard and Google have made it difficult for firms looking to advertise in regulated jurisdictions.
Capital.com has been actively involved in educating its clients about the risks associated with trading. The company is known for developing an in-house tool aiming to analyze trading behavior patterns and assist its customers in making better trading decisions with the help of machine learning.
As the firm sets foot in Belarus, it will have to deposit about $55,000 into the local guarantee fund of the National Forex Center (NFC). Once the transactions are complete, the company will have the right to operate in the country and attract new clients.