Exclusive: Julian Yang Leaves TigerWit to Lead Offshore Brokerage GQ Capital

Julian Yang, one of the senior executives at TigerWit, has left the company to start a new brokerage - GQ Capital. The offshore-based brokerage is regulated by the International Financial Service Commission in Belize. The new company is yet to announce the full details of the offering.

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From the looks of it, the company is starting with a focus on Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term via a standard MT4 offering.

The raft of new regulations that are set to come into force later this year in the EU could force a lot of brokerages to go offshore. The European Securities Markets Authority (ESMA) is yet to publish the final version of the new regulatory framework which has been under discussion since about over a year.

As EU-regulated brokerages face tougher regulations, some companies are seeking offshore opportunities. The perks of European regulation for companies that are targeting a global audience is giving way to a set of challenges that are arising with the relatively tough Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term restrictions that are being discussed in the EU.

On their part, offshore brokers are facing big difficulties in securing a bank account and some are typically operating via intermediaries that serve as custodians to the funds that brokers receive as deposits.

Finance Magnates has reached out to Yang for a comment on the new venture, but at the time of publication has not received an official response.