ILQ Australia has welcomed Holly FX Australia as its Corporate Authorised Representative, Finance Magnates has learned.
ILQ Australia is an Australian Securities and Investments Commission (ASIC) registered financial firm with an Australian financial services licence (AFS). It is a B2B solution provider for introducing brokers (IBs), affiliates and white label firms offering liquidity, payment processing and risk management.
HollyFX is a China-focused MT4 broker offering trading on forex, gold and CFDs. According to its website, it cooperates with ILQ LLC on liquidity and remit security deposits to foreign countries, and it provides services in online trading of precious metal.
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According to ASIC, an Australian financial services (AFS) licensee may appoint ‘authorised representatives’ to provide specified financial services on its behalf.
James O’Neill, Director at ILQ Australia, commented: “ILQ Australia welcomes our new partners in Holly FX. Holly FX enables clients from a Chinese speaking background, the ability to speak to experts in their own language while also gaining access to ILQ Australia’s state of the art technology”.
While HollyFX were in Sydney they met with the New South Wales Minister for Innovation and Better Regulation, the Hon. Matt Kean MP, in the Premier’s Boardroom. Mr Kean spoke about the importance of Fintech and the financial services industry to the NSW economy and wished the partnership success into the future.
HollyFX is part of the Holly Group, which offers a variety of financial services such as asset management, hedge funds and analyst training. It is the exclusive agent of Synergy Phoenix’s hedge funds, serving clients in Mainland China, Hong Kong and Macau. It also strategically cooperates with Swissquote to provide asset management services with special foreign exchange accounts.
Holly Group also boasts of being the sole holder of certificates for foreign exchange investment registered and certified by the Chinese government. These include junior, intermediate and senior certificates.