Exclusive: Enigma Strategy Gains FCA’s Retail Discretionary Permission

Enigma Strategy, a London-based investment advisory provider, has received retail discretionary permissions for all derivative and securities instruments from the Financial Conduct Authority (FCA), Finance Magnates learned exclusively.

The regulatory permission was granted on March 25, 2022, which will allow the company to provide services with several financial instruments.

“This now means the firm not only has the ability to provide our customers with CFD copy trading solutions but is also approved for further financial instruments some of which include Securities, Futures, Options and ETFs,” James Lawrence, Enigma Strategy’s Executive Director told Finance Magnates.

Expansion of Services

Enigma provides investment advisory services to retail and professional customers and arranges the opening of trading accounts with CFDs brokers. In addition, it introduces customers to regulated copy trading applications, but with the new license, it has plans to develop in-house copy trading services.

Additionally, it is looking to increase its current offering to include options strategies as well as a combination of leveraged and non-leveraged strategies for all risk profiles.

“We believe this will allow Enigma to provide effective model portfolios and provide our clients with a better balance across asset classes,” said Lawrence.

Moreover, the company revealed that it is now communicating with several strategy providers, who will provide services to Enigma customers under a copy-trading model that is now limited to CFDs but will be extended to other derivative products.

After receiving the latest approval, Enigma is now hoping to eventually gain crypto, e-money and custody permissions that will allow the company to hold clients' funds.

Lawrence added: “Since Enigma's inception, our mission has remained constant to dynamically create value for our Investors, bridging the gap between modern and traditional investment strategies. A full range of new offerings will be available in the week to come.”