Westward Ho! Admiral Markets Gains FCA Regulation; Seeks UK and European Client Base
- Estonian forex broker Admiral Markets today announced that the United Kingdom's Financial Conduct Authority has granted a license to the company, allowing expansion into Britain and Western Europe.
Expansion into new markets appears to be on the agenda at Estonian 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 company Admiral Markets, as the company has been granted a regulatory license by the United Kingdom’s Financial Conduct Authority, authorizing the firm to offer its services in Britain.
The recently formed Financial Conduct Authority (FCA) assumed regulatory duties on April 1 having taken over the overseeing of financial market participants in Britain from the Financial Services Authority after a 28 year lifespan.
British Division Established
Operating from Admiral Markets Group’s London office, the new entity, named Admiral Markets UK Ltd, will provide services to customers in Britain and Western Europe. The expansion into these territories follows the company’s acquisition of regulatory approval in Australia from ASIC in January 2012, in order to service the Asia Pacific region’s client base.
Speaking on behalf of Admiral Markets on the granting of its FCA license, the company’s Vice President, Dmitri Laush made a corporate statement: “As a top-level broker, we advocate the Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term of foreign exchange markets everywhere"
“After entities within the Admiral Markets Group have obtained licenses by the EU, the Australian authorities and the Uruguayan central bank, getting regulations from the renowned British FCA was the next logical step for us” explained Mr Laush.
Go West
Elina Pederson is the new entity’s CEO in London. With regard to the strategic importance of the company’s presence in the United Kingdom, she stated: “An additional regulated firm in Europe provides even more investor protection and trading opportunities to our clients”.
“The FCA authorization is one of the hardest to obtain worldwide for any broker. Admiral Markets has always adhered to high-level rules of fund segregation, financial security and customer care. Receiving the UK regulation is the acknowledgement of our efforts and proof of our success” she concluded.
The first clients will be accepted by the London office starting July 1, 2013. Customers from Western Europe who are already trading with Admiral Markets’ European regulated entity Admiral Markets AS can then open an account with Admiral Markets UK Ltd as well.
“Those traders can keep an account with both firms, or pick the regulated entity of their choice”, Ms Pedersen explains. Funds can be transferred internally, and all clients under the new Admiral Markets UK Ltd will enjoy the full advantages of an FCA regulated company, such as funds segregation, financial security, compensation schemes and grievance redress mechanisms”.
Expansion into new markets appears to be on the agenda at Estonian 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 company Admiral Markets, as the company has been granted a regulatory license by the United Kingdom’s Financial Conduct Authority, authorizing the firm to offer its services in Britain.
The recently formed Financial Conduct Authority (FCA) assumed regulatory duties on April 1 having taken over the overseeing of financial market participants in Britain from the Financial Services Authority after a 28 year lifespan.
British Division Established
Operating from Admiral Markets Group’s London office, the new entity, named Admiral Markets UK Ltd, will provide services to customers in Britain and Western Europe. The expansion into these territories follows the company’s acquisition of regulatory approval in Australia from ASIC in January 2012, in order to service the Asia Pacific region’s client base.
Speaking on behalf of Admiral Markets on the granting of its FCA license, the company’s Vice President, Dmitri Laush made a corporate statement: “As a top-level broker, we advocate the Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term of foreign exchange markets everywhere"
“After entities within the Admiral Markets Group have obtained licenses by the EU, the Australian authorities and the Uruguayan central bank, getting regulations from the renowned British FCA was the next logical step for us” explained Mr Laush.
Go West
Elina Pederson is the new entity’s CEO in London. With regard to the strategic importance of the company’s presence in the United Kingdom, she stated: “An additional regulated firm in Europe provides even more investor protection and trading opportunities to our clients”.
“The FCA authorization is one of the hardest to obtain worldwide for any broker. Admiral Markets has always adhered to high-level rules of fund segregation, financial security and customer care. Receiving the UK regulation is the acknowledgement of our efforts and proof of our success” she concluded.
The first clients will be accepted by the London office starting July 1, 2013. Customers from Western Europe who are already trading with Admiral Markets’ European regulated entity Admiral Markets AS can then open an account with Admiral Markets UK Ltd as well.
“Those traders can keep an account with both firms, or pick the regulated entity of their choice”, Ms Pedersen explains. Funds can be transferred internally, and all clients under the new Admiral Markets UK Ltd will enjoy the full advantages of an FCA regulated company, such as funds segregation, financial security, compensation schemes and grievance redress mechanisms”.