London-based FCA regulated One Financial Markets – which provides multi-asset trading capabilities across its multiple offices globally – today announced a new office in Kuwait through a local partnership with VI Markets – its registered appointed representative.
Whilst the news of the office was just announced today, the VI Markets website already has updated information about its status as a tied agent to One Financial – and that status is listed on the FCA website as registered for just over a year for VI Markets – listed as Version International General Trading and Contracting Company Limited.
The VI Markets website has nearly the same layout as the broker, as often in advanced partnerships and white-labels, the broker may provide such tools for the partner to grow their business and/or help it with related efforts. The progression from IB to tied-agent appears a natural next step in the relationship with VI Markets and that led to opening the office, as descried below.
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One Financial Markets is delighted to further strengthen its longstanding partnership with VI Markets
One Financial Markets CEO Ashley Clarke said in the company’s press release: “One Financial Markets is delighted to further strengthen its longstanding partnership with VI Markets through the joint venture of our new prestigious office in Mazaya Tower, Kuwait City.”
The broker is owned and operated by C B Financial Services Ltd., and maintains regulation with the Financial Services Board in South Africa, in addition to regulatory status with the UK’s FCA. The company recently celebrated its 9 year anniversary, nearly reaching the 10 year mark as an online broker.
The synergy places One Financial within the Middle East, and Kuwait provides regional access to local gulf countries. After a number of press releases the company issued news related to its efforts from within the Gulf over the last year.