Acenya Capital is back up after a brief interruption over the previous couple of years. The company recently re-launched after signing a partnership deal with MEX Europe. Acenya is acting as an appointed representative and as such does not have its own FCA license.
The brokerage was first launched in September 2014 but was forced to temporarily halt regulated financial services when the Principal Firm with which it had partnered voluntarily withdrew from the financial markets in July 2015.
After communicating with another FCA-regulated firm for a year, the company eventually decided to take its appointed representative cover via MEX Europe. The Acenya Capital brand is effectively a white label partnership.
Acenya Capital and Acenya Trading
The management team of Acenya Capital is comprised of Anand Grewal as CEO and Jerry Jiang as CFO. The executive team is made up of several individuals who have each worked in the financial services industry for over 10 years with forex trading experience in the investment banking, institutional and retail spaces.
Why Ethereum Needs Layer 2 Solutions More Than EverGo to article >>
A separate unregulated company under the same brand, called Acenya Traders, is headed up by Larry Grant. Being broker agnostic, the firm outlines that its primary objective is to empower new and experienced traders with the tools and education to optimise their trading strategies and achieve their investment goals. The management teams of both companies firmly believe that their businesses are complementary.
Commenting to Finance Magnates on the return of the firm to the market, Grewal said: “It’s our obligation as a member of the industry to ensure clients are provided with a service unparalleled to win back their confidence and trust; something that has been missing for quite some time.”
“We are committed to providing extra value added services to empower our clients so that they may have every opportunity to succeed in their investment objectives. In an industry driven by greed Acenya Capital plans to “Lead with Change” by giving back. Focusing on clients, employees and community is our primary goal,” he added.
Acenya Capital is partnering with various third party ancillary service providers, such as educators, advisory services and managed account providers.