ATFX, a popular brand in the retail forex and contracts for differences (CFDs) brokerage space, announced today (Tuesday) that it has secured a Type 3 license from the Hong Kong Securities and Futures Commission (SFC), thus further strengthening its presence in Asia.
A New License for ATFX
The new license, granted to the entity AT Global Financial Services Limited, will allow the brand to offer services to institutional and professional investors in the region.
“This license not only strengthens our commitment to the Hong Kong market but also validates our dedication to the highest regulatory standards and our unwavering focus on providing our institutional and professional clients with a secure and trusted trading environment,” said Joe Li, the Chairman of ATFX.
The retail brokerage group also highlighted that it will further strengthen its cooperation in Hong Kong and enhance its presence globally. Its focus is on improving its service quality and market competitiveness.
“We look forward to further expanding our presence and serving our valued Hong Kong-based clients with the exceptional service they have come to expect from ATFX,” Li added.
A Heavily Regulated Brand
Apart from Hong Kong, ATFX also holds regulatory authorisations in multiple other jurisdictions globally. The brand is regulated in the United Kingdom, Cyprus, Australia, Seychelles, Mauritius, South Africa, and the United Arab Emirates.
Earlier this month, Finance Magnates reported that the UK-regulated AT Global Markets (UK) Limited, which operates the ATFX Connect brand, closed the year 2023 with an annual turnover of more than £6.18 million, an increase of 95.8 percent from the previous year’s £3.16 million. Its net income also jumped by 64.8 percent to £1.38 million.
The ATFX Connect brand only offers services to institutions and high-net-worth clients, not retail clients.
