CFD broker Capital.com has received a license to operate in Australia and has opened an office in Melbourne. The platform will operate with an Australian Financial Services (AFS) license, granted by the Australian Securities and Investments Commission (ASIC).
Recognised as a fast growing broker in Europe already, the move is the latest expansion initiative by Capital.com to build its presence in the Asia Pacific market.
Capital.com currently has entities that are regulated by either the Cyprus Securities and Exchange Commission (CySEC) in Europe or the Financial Conduct Authority (FCA) in the UK.
“ASIC applies enhanced levels of regulation to the Australian securities market, making it one of the most comprehensive and well-respected regulators in the world,” said Jonathan Squires, Group Chief Executive Officer at Capital.com. “The AFS license affirms our commitment to meet the highest compliance standards worldwide, marking yet another important milestone in the strategic development of Capital.com as a fast-growing, regulated investment trading platform. Known in the UK for our excellent customer satisfaction levels, we are excited to bring our services to the tech-savvy Australian investor base and to support more people in their trading and investing journeys.”
Capital.com has an established track record in Europe. In the first half of 2021, the platform reported a 400 per cent lift in new clients compared to H2 2020. Over the same period, it saw a global pick-up in trading activity, with total client trading volumes across all markets growing by more than 184 per cent. These results reflect Capital.com’s growing reputation as a platform of choice among retail traders globally.
Peter Richards to lead Australian business
Peter Richards, who has extensive experience in the Australian online trading and investment space , has been appointed Director of Capital Com Australia Limited. He will help drive the company’s growth as well as oversee recruitment.
“Capital.com is one of the fastest growing fintech companies operating in the retail trading space,” Richards explained. “The platform has a tremendous opportunity to grow in this region and to help more Australians access financial markets securely and responsibly. Underpinned by Capital.com’s comprehensive education resources, we aim to bring the platform’s cutting-edge technology and intuitive UX to as many Australians as possible supported by our on-the-ground teams and local expertise.”
Australian traders to be offered over 3000 derivative contracts
As an AFS-licensed entity, Australian clients can trade derivatives on more than 3,000 of the world’s most popular indices, commodities, cryptocurrencies, shares and currency pairs through Capital.com’s web and mobile platforms.
Australian clients will be able to access financial lessons, videos, quizzes and other trading support tools via the platforms’ free education app, Investmate app. Clients will also receive regular news feeds, financial market content and analysis through the platform’s extensive education resources available on the Capital.com website and the YouTube trading channel, Capital.com TV.
