TigerWit Gets Financial Services License from Hong Kong’s SFC
- The acquisition of the license is in line with the company’s plans for expansion.
TigerWit, a financial technology company headquartered in the United Kingdom, announced this Monday that it has secured a Financial Services license from Hong Kong’s Securities and Futures Commission (SFC).
The acquisition of the new license is in line with the company’s plans for expansion. TigerWit, which is a global foreign exchange (forex) broker based in the United Kingdom with roots in Asia, already has licenses in the UK with the Financial Conduct Authority (FCA) and in the Bahamas.
According to a statement released by the company today, receiving the license represents an important development for TigerWit, and the 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 broker sees continued expansion for its services worldwide.
Commenting on the news, Tim Hughes, the CEO at TigerWit, said: "Securing a licence from the Securities and Futures Commission of Hong Kong is a significant milestone for TigerWit and represents another crucial part of our roadmap achieved."
“By gaining this licence we are another step further on our journey to offering our innovative trading solutions globally. Being regulated in the right jurisdictions allows us to expand our operations, whilst ensuring that our clients are afforded the relevant protections."
In 2020, the FX broker plans on expanding its product offering by adding more solutions. This will help the company with its mission of improving financial inclusion across several developing economies, the company said in the statement released today.
"Obtaining the SFC license in Hong Kong will allow us to penetrate the vibrant ASEAN markets, and serve our partners through one of the most reputable financial regulations," added Frederic Youssef, VP at TigerWit.
TigerWit’s Hong Kong entity
The SFC’s public register outlines that TigerWit received a license for leveraged Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term on the 12th of December 2019 for TigerWit (Hong Kong) Limited (BOI171). The company’s principal address is Office 58 11/F Admiralty Centre Tower 2, 18 Harcourt Road, Admiralty, Hong Kong.
TigerWit, a financial technology company headquartered in the United Kingdom, announced this Monday that it has secured a Financial Services license from Hong Kong’s Securities and Futures Commission (SFC).
The acquisition of the new license is in line with the company’s plans for expansion. TigerWit, which is a global foreign exchange (forex) broker based in the United Kingdom with roots in Asia, already has licenses in the UK with the Financial Conduct Authority (FCA) and in the Bahamas.
According to a statement released by the company today, receiving the license represents an important development for TigerWit, and the 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 broker sees continued expansion for its services worldwide.
Commenting on the news, Tim Hughes, the CEO at TigerWit, said: "Securing a licence from the Securities and Futures Commission of Hong Kong is a significant milestone for TigerWit and represents another crucial part of our roadmap achieved."
“By gaining this licence we are another step further on our journey to offering our innovative trading solutions globally. Being regulated in the right jurisdictions allows us to expand our operations, whilst ensuring that our clients are afforded the relevant protections."
In 2020, the FX broker plans on expanding its product offering by adding more solutions. This will help the company with its mission of improving financial inclusion across several developing economies, the company said in the statement released today.
"Obtaining the SFC license in Hong Kong will allow us to penetrate the vibrant ASEAN markets, and serve our partners through one of the most reputable financial regulations," added Frederic Youssef, VP at TigerWit.
TigerWit’s Hong Kong entity
The SFC’s public register outlines that TigerWit received a license for leveraged Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term on the 12th of December 2019 for TigerWit (Hong Kong) Limited (BOI171). The company’s principal address is Office 58 11/F Admiralty Centre Tower 2, 18 Harcourt Road, Admiralty, Hong Kong.