Capital.com, a multi-regulated financial services provider, announced today that the company has received an Australian Financial Services (AFS) license from the Australian Securities and Investments Commission (ASIC) to expand its services in the region.
According to an official announcement shared with Finance Magnates, the regulatory approval will allow Capital.com to extend its mobile and web-based trading services to Australian investors. In addition to the regulatory approval, Capital.com announced the opening of its office in Melbourne, one of the largest cities in Australia.
In the recent press release, Capital.com outlined its commitment towards global expansion to offer its clients a regulated and secure trading experience. The entities of Capital.com are regulated by different authorities around the world, including CySEC and the FCA.
“ASIC applies enhanced levels of regulation to the Australian securities market, making it one of the most comprehensive and well-respected regulators in the world. The AFS license affirms our commitment to meet the highest compliance standards worldwide, marking yet another important milestone in the strategic development of Capital.com as a fast-growing, regulated investment trading platform,” said Jonathan Squires, Group Chief Executive Officer at Capital.com.
XRP Now Available to Trade on the Kinesis ExchangeGo to article >>
“Known in the UK for our excellent customer satisfaction levels, we are excited to bring our services to the tech-savvy Australian investor base and to support more people in their trading and investing journeys,” Squires added.
During the first half of 2021, Capital.com reported strong growth in the number of new clients. In addition, the platform’s trading activity increased significantly during the same period.
Moreover, Capital.com announced the appointment of Peter Richards as Director of Capital Com Australia Limited. The company is planning to utilize the extensive experience of Richards for its regional expansion.
“Capital.com is one of the fastest-growing fintech companies operating in the retail trading space. The platform has a tremendous opportunity to grow in this region and to help more Australians access financial markets securely and responsibly. Underpinned by Capital.com’s comprehensive education resources, we aim to bring the platform’s cutting-edge technology and intuitive UX to as many Australians as possible supported by our on-the-ground teams and local expertise,” Richards said.