Capital Index, an FCA regulated brokerage specialising in CFDs and spread betting, has just confirmed its commitment to the Chinese market with the launch of Capital Index China website, which can be accessed through www.capitalindex.com/CN.
As such, the company has joined the growing list of providers offering trading services to a market that represents one of the world’s largest economies.
China was the logical next step in this global expansion, says Robert Woolfe, the CEO of Capital Index since its inception, due to the growing interest in forex in Asia. Founded in 2014, the group has operations in the UK, Australia, South Africa and Cyprus, and it gained approval by the U.K. Financial Conduct Authority in November 2015.
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In January 2016, Capital Index (UK) Ltd launched the Shariah compliant trading accounts to meet the principles of the religious community in the countries from the MENA region.
The move is part of a strategic development plan that will allow Capital Index to further improve the scope and quality of its services to a rapidly growing network of customers and partners in Asia. The new website will play a key role in its expansion plans for Asia, strengthening its presence there and increasing the market share in the region.
“China has long been a market that we identified as being suitable for development within the Capital Index group. The appetite for our offering amongst the large number of Chinese retail FX traders is self-evident. Making China a central part of our continued growth can only be fully achieved by engaging with this market in a clear and transparent manner. Capital Index China does exactly this. As we move in to Q1 2017 Capital Index will broaden our reach even further in to Asia,” said Woolfe in a corporate statement.
The company’s CEO added that the new launch follows strong trading volumes in August, which saw the best YTD results in terms of executed trades and number of active clients
“In fact, contrary to the degree of negative sentiment in the City post the UK Brexit vote at the end of June, trading volumes have been very good,” concluded Woolfe.