Cyprus Regulated Group Capital Index Granted New UK Licence
- The British Financial Conduct Authority (FCA) gave Capital Index (UK) Ltd an authorised and regulated status.
Capital Index (UK) Ltd, an online brokerage founded in January 2014, announced today that it has been granted authorised status by the UK’s Financial Conduct Authority (FCA) to provide regulated products and services. The group has operations in the UK, Australia, South Africa and Cyprus and was already regulated by 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 Read this Term which it used until now to access the European market.
The CEO of the group since its inception is FX veteran Rob Woolfe, the former head of FX at ETX Capital. Woolfe commented today: “Our international customer base includes a large number of CFD and Financial Spread Betting clients from the UK. The UK market is and will always be a very important market for us as it is for many of our international competitors. However, what now sets us apart from the vast majority of other CFD and FX providers is that we have gone that extra mile, becoming fully authorised and regulated by the FCA.
Rob Woolfe, CEO, Capital Index
Not only does this give extra protection for the clients of Capital Index (UK) Ltd, being regulated by the FCA is an important sign of trust that will assist us when entering new international markets in the near future. Clearly, having one of the worlds most respected regulatory organisations grant you a licence shows just how much hard work we have put in to making sure we are operating at the highest level.”
He added an explanation for the need for dual European licences, saying: “The Group’s core philosophy is to have the integrity and professionalism to do the right things, at the right time, in the right way whether that is in customer servicing, trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term or in the systems and controls we put in place to manage our operations. Pushing ourselves to be regulated not just by one but two respected regulators is a reflection of that core belief."
Capital Index (UK) Ltd, an online brokerage founded in January 2014, announced today that it has been granted authorised status by the UK’s Financial Conduct Authority (FCA) to provide regulated products and services. The group has operations in the UK, Australia, South Africa and Cyprus and was already regulated by 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 Read this Term which it used until now to access the European market.
The CEO of the group since its inception is FX veteran Rob Woolfe, the former head of FX at ETX Capital. Woolfe commented today: “Our international customer base includes a large number of CFD and Financial Spread Betting clients from the UK. The UK market is and will always be a very important market for us as it is for many of our international competitors. However, what now sets us apart from the vast majority of other CFD and FX providers is that we have gone that extra mile, becoming fully authorised and regulated by the FCA.
Rob Woolfe, CEO, Capital Index
Not only does this give extra protection for the clients of Capital Index (UK) Ltd, being regulated by the FCA is an important sign of trust that will assist us when entering new international markets in the near future. Clearly, having one of the worlds most respected regulatory organisations grant you a licence shows just how much hard work we have put in to making sure we are operating at the highest level.”
He added an explanation for the need for dual European licences, saying: “The Group’s core philosophy is to have the integrity and professionalism to do the right things, at the right time, in the right way whether that is in customer servicing, trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term or in the systems and controls we put in place to manage our operations. Pushing ourselves to be regulated not just by one but two respected regulators is a reflection of that core belief."