Capital.com just announced that the company has acquired a new license with the UK Financial Conduct Authority (FCA). The firm's move represents a commitment to enter the UK market.
Since its establishment in early 2017, Capital.com has been using a CySEC license.
The license also provides Capital.com with a globally recognized regulatory brand with a solid reputation. The new permit of the brokerage allows it to provide services to professional and retail clients CFDs, shares and spread betting.
Capital.com's permit also allows it to provide rights to or interests in investments (Contractually Based Investments) and rights to or interests in investments (Security).
Capital.com was one of the first companies in the industry to introduce the new ESMA regulatory standards. The firm has started onboarding new clients within the rules of the new regulatory framework since June.
License Expansion
The new regulatory licensing step from Capital.com comes at a time when the UK is preparing to leave the European Union. While Brexit scenarios are debated daily in the country, Capital.com appears to be considering the UK market as an important part of its business strategy.
Commenting on the new license acquisition, the CEO of Capital.com, Ivan Gowan, said: “This is a really important step for us as a business, as we continue to expand our global footprint. The FCA is the most experienced and knowledgeable financial regulator in the world, so having its stamp of approval is particularly meaningful.
"As an FCA-regulated trading provider, we are now subject to the Financial Ombudsman Service, so customers can always feel confident that any issue will be resolved in a fair and impartial manner," the CEO of Capital.com elaborated.
Gowan highlights that the FCA license gives the broker's customers the confidence that they are trusting their funds with a trading provider that has met the standards of one of the world’s most reputable regulators.
"The CFD trading market often sees short-lived providers come and go, with operations that might be better described as financial scams, but as an FCA regulated business, any prospective CFD trader can trust that we have proven ourselves to be a responsible and ethical provider of financial services,” concluded Gowan.
