easyMarkets Acquires Third Regulatory License from FSA Seychelles

As part of its global expansion efforts, 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 easyMarkets has acquired a new regulatory license under the Seychelles Financial Services Authority.

easyMarkets, which rebranded in January 2016 from EasyForex, has been operating under different entities regulated by different financial supervisory authorities, including the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) and the Australian Securities and Investments Commission (ASIC).

The company said the move reflects its commitment to continue on the trajectory of expansion and growth, and that the decision to acquire an FSA license comes in an effort to ensure even broader regulatory supervision in new markets.

Commenting on the news, Koula Lamprou, Chief Financial Officer easyMarkets, said “At easyMarkets our ultimate goal is to offer our clients an exceptional trading experience, and we understand that regulation, security, and oversight are of vital importance to that. Our new Seychelles FSA license adds to our already robust list of licenses that include European oversight by ESMA and CySEC, Australian ASIC license for our APAC based activities. We have been actively engaged in the trading industry for nearly 20 years and our purpose is to further expand our regulatory framework and the ability to better serve our clients.”

However, in 2018 easyMarkets exited the Polish ‎market and withdrew registration of its ‎Polish branch Easy Forex Trading Sp. Zoo., which had been located at Warsaw Financial Center.‎ The decision came after the Polish Ministry of Finance ‎submitted a draft of a new law that ‎introduces sweeping changes to its FX regulations, including the imposition of maximum ‎leverage on forex trading accounts to 1:50. ‎

easyMarkets made the headlines earlier this month when it struck a sponsorship agreement with Real Madrid in a deal that will last three years. This milestone will allow the FX broker to get featured as the La Liga champion’s official online trading partner starting from the 2020-2021 season.