Retail FX and CFDs broker easyMarkets has announced the acquisition of a BVI license. The company said that the new license and offshore presence allows it to offer its services to even more clients in a regulated and secure way.
Koula Lamprou, Chief Financial Officer of easyMarkets said:
“At easyMarkets, we always try to find ways to give our clients an exceptional trading experience. 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 licence for global/international clients. 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.”
Over the past year we have witnessed an increasing phenomenon of (mainly) EU and UK licensed online brokers opening up offshore entities in jurisdictions such as the BVI, Seychelles, Bahamas, Mauritius, and St. Vincent & The Grenadines, from where they can offer more generous trading terms (read: higher leverage, deposit bonuses) to retail traders which are no longer allowed in Europe and Australia.
Founded in 2001 and based in Cyprus where it is licensed by CySEC, easyMarkets also has regulated operations in Australia (Easy Markets Pty Ltd – ASIC AFS license No. 246566), in the Republic of Seychelles (Financial Services Authority of Seychelles – License Number SD056) and now as noted in British Virgin Islands by the BVI Financial Services Commission – License Number (EF Worldwide Ltd – License Number SIBA/L/20/1135). easyMarkets recently signed a deal to become the Official Online Trading Partner of popular Spanish football club Real Madrid.