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Land-FX is now authorized by UK FCA

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Land-FX is now authorized by UK FCA

June 8, 2016, 12:00 am

Land-FX, an online brokerage, announced today that its UK entity (LandFX UK Ltd.) has been granted an authorised status by the UK’s Financial Conduct Authority (FCA). The group has operations in worldwide without any presence in the European markets thus far. “This will change as we now have the authorisation to access UK markets as well as other EU countries by passporting FCA license.” says Lucian Mihalachi, a director of business development.

In FX and CFD industry, UK’s FCA license is highly sought after as it represents the high standard it puts forth on the firms with the strict guidelines such as capital requirements, systems, and the management. According to the industry participants, the FCA authorisation process is becoming more rigorous as many firms with other regulatory bodies’ approval compete for the UK regulator’s reputation.

The authorisation comes at a time when Land-FX is growing rapidly in its Asian operations. The company also announced its expansion into South East Asian markets with new offices in the region. "The new offices will serve the local markets as well as augmenting the company’s customer service management functions." company spokesman adds, “we are proud to be able to scale our operations globally without compromising the best service we provide to our growing client base. Now is the time to expand our team to accommodate the new European markets we enter.”

For the top level financial confidence and investment protection, the company is now part of UK’s Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS).

For further information,
visit: www.land-fx.com

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