Capital.com, the high-growth international fintech innovator main the UK leveraged buying and selling trade in general shopper satisfaction, has introduced it has acquired a license to function in Australia and opened an workplace in Melbourne.
The platform will function with an Australian Monetary Providers (AFS) license, granted by the Australian Securities and Investments Fee (ASIC). Recognised as one of many fastest-growing fintechs in Europe, that is the newest enlargement initiative by Capital.com to allow extra folks to seamlessly commerce and put money into monetary markets.
The approval of the AFS license marks Capital.com’s newest dedication to develop throughout the globe providing purchasers a extremely regulated and safe buying and selling expertise. Capital.com presently has entities which might be regulated by both the Cyprus Securities and Change Fee (CySEC) in Europe or the Monetary Conduct Authority (FCA) within the UK.
“ASIC applies enhanced ranges of regulation to the Australian securities market, making it probably the most complete and well-respected regulators on this planet. The AFS license affirms our dedication to fulfill the best compliance requirements worldwide, marking yet one more essential milestone within the strategic growth of Capital.com as a fast-growing, regulated funding buying and selling platform. Recognized within the UK for our glorious buyer satisfaction ranges, we’re excited to convey our providers to the tech-savvy Australian investor base and to help extra folks of their buying and selling and investing journeys,” stated Jonathan Squires, Group Chief Government Officer at Capital.com.
Capital.com has a longtime observe report in Europe. Within the first half of 2021, the platform reported a 400 per cent raise in new purchasers in comparison with H2 2020. Over the identical interval, it noticed a worldwide pick-up in buying and selling exercise, with whole shopper buying and selling volumes throughout all markets rising by greater than 184 per cent. These outcomes mirror Capital.com’s rising repute as a platform of selection amongst retail merchants globally.
Peter Richards, who has in depth expertise within the Australian on-line buying and selling and funding house, has been appointed Director of Capital Com Australia Restricted. He’ll assist drive the corporate’s development in addition to oversee recruitment.
“Capital.com is without doubt one of the fastest-growing fintech firms working within the retail buying and selling house. The platform has an amazing alternative to develop on this area and to assist extra Australians entry monetary markets securely and responsibly. Underpinned by Capital.com’s complete schooling sources, we goal to convey the platform’s cutting-edge know-how and intuitive UX to as many Australians as attainable supported by our on-the-ground groups and native experience,” stated Peter Richards, Director of Capital Com Australia Restricted.