easyMarkets Gains a New License from British Virgin Islands Regulator

FX and CFDs broker, easyMarkets announced on Thursday that it has secured a new operating license from the financial market regulator of the British Virgin Islands (BVI).

Officially announced on Thursday, the broker has received the license for its locally incorporated arm EF Worldwide Ltd.

Until now, the broker has been operating with its license from 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 Australian Securities and Investments Commission (ASIC). Additionally, it received another license under the Seychelles Financial Services Authority last year.

The two new licenses will allow the broker to offer its services globally, signalling its strong expansion plans.

“At easyMarkets, we always try to find ways to give our clients an exceptional trading experience,” easyMarkets’ Chief Financial Officer, Koula Lamprou, commented. “Oversight, regulation and security are indivisible parts of that. Our new BVI 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 and FSA license for global/international clients.”

More Expansions Ahead

easyMarkets, previously known as easyForex, is one of the older trading industry players, which has been operating since 2001. Its offerings include trading services with 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 and CFDs on several asset classes. In addition, it responded to the market demand quickly by adding cryptocurrency CFDs in 2017, way ahead of its competitors.

“We have been operating uninterrupted in the trading industry for 20 years, and one of our missions has always been to grow our regulatory framework which better serves our clients,” Lamprou added.

Meanwhile, the broker’s CySEC-regulated arm continued to expand its product line with the addition of several US and European stock CFDs. Furthermore, its push into Europe can be seen with its high-profile sponsorship deal with Real Madrid CF, signed last year.