FX and CFDs broker, easyMarkets announced on Thursday that it has secured a new operating license from the financial market regulator of the British Virgin Islands (BVI).
Officially announced on Thursday, the broker has received the license for its locally incorporated arm EF Worldwide Ltd.
Until now, the broker has been operating with its license from the Cyprus Securities and Exchange Commission (CySEC) and Australian Securities and Investments Commission (ASIC). Additionally, it received another license under the Seychelles Financial Services Authority last year.
The two new licenses will allow the broker to offer its services globally, signalling its strong expansion plans.
ADALend: New Wave of DeFi Loans on CardanoGo to article >>
“At easyMarkets, we always try to find ways to give our clients an exceptional trading experience,” easyMarkets’ Chief Financial Officer, Koula Lamprou, commented. “Oversight, regulation and security are indivisible parts of that. Our new BVI license adds to our already robust list of licenses that include European oversight by ESMA and CySEC, Australian ASIC license for our APAC-based activities and FSA license for global/international clients.”
More Expansions Ahead
easyMarkets, previously known as easyForex, is one of the older trading industry players, which has been operating since 2001. Its offerings include trading services with forex and CFDs on several asset classes. In addition, it responded to the market demand quickly by adding cryptocurrency CFDs in 2017, way ahead of its competitors.
“We have been operating uninterrupted in the trading industry for 20 years, and one of our missions has always been to grow our regulatory framework which better serves our clients,” Lamprou added.
Meanwhile, the broker’s CySEC-regulated arm continued to expand its product line with the addition of several US and European stock CFDs. Furthermore, its push into Europe can be seen with its high-profile sponsorship deal with Real Madrid CF, signed last year.