IronFX has been granted authorization from Italian regulator, Commissione Nazionale per la Societá e la Borsa (CONSOB), for an inaugural branch in Milan, Italy.

IronFX was rumored to have been contemplating an IPO in the United States as recently as December – those rumors have since quieted given a number of industry headwinds and constraints.

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In its latest outward thrust, IronFX has opted to open a branch in Italy, receiving the legal authority from the CONSOB, which will be based out of Milan – the move is the group’s first foray into Italy.

According to IronFX Chairman & CEO, Markos Kashiouris, in a recent statement on the opening of the branch, “It is our great pleasure to announce the twin achievement of obtaining a new licence with CONSOB (the Italian financial regulation authority), together with our plans to open a new landmark office in Italy.”

“We are delighted with CONSOB’s decision to regulate us. This new regulation allows us to operate in the heart of the Italian financial world, underlining our commitment to the core principles of fairness, security, transparency and high quality service in all aspects of our operations. We look forward to developing our presence in Italy and to extending one of the world’s best trading environments to clients in Italy and beyond,” added Kashiouris in an exclusive statement to Forex Magnates.