GO Markets receives Mauritius Investment Dealer license
Leading Australia based FX and CFDs broker GO Markets has announced its continued strategic expansion into the Middle East, Africa and Asia region. GO Markets obtained an Investment Dealer Licence in Mauritius on 20 February 2020 from the Financial Services Commission (FSC).
The move comes not long after GO Markets obtained a Broker License from the UAE Securities & Commodities Authority (SCA), issued to the company’s UAE subsidiary GO Markets MENA DMCC, as was exclusively reported by FNG.
GO Markets stated that Mauritius has established itself as an International Financial Centre of excellence and repute for Africa and Asia. The evolution of Mauritius as a robust financial hub is supported by a vibrant offshore corporate sector which comprises of an asset under management of over 50 times the level of GDP.
The company noted that Mauritius enjoys a solid reputation and with a sound political and economic system, business-friendly environment, and the strength of its governance and regulatory institutions, Mauritius has been widely recognised in the World Bank’s Doing Business, 2019 Index of Economic Freedom, the Forbes Survey of Best Countries for Business 2019 among others for its ease of doing business.
The FSC, lead regulator of the International Financial Centre strives to promote the ‘development, fairness, efficiency and transparency of financial institutions and capital markets’ in the country and has continuously demonstrated an approach that adapts to global changes.
As one of the oldest and most established forex brokers, GO Markets said it is focused on building solid foundations in well-regulated jurisdictions. The landscape is changing and as a trusted and reliable FX and CFD provider, GO Markets noted that it is well-placed for the challenges ahead following our broader efforts to become a truly multi-jurisdictional provider.
GO Markets, Mauritius – Director, Soyeb Rangwala said:
“It is another major milestone for our company. Since obtaining the licence, we have been busy establishing our presence in Mauritius despite the challenges we faced due to the COVID-19 restrictions. We have chosen Mauritius because of its strategic location, the time difference with other jurisdictions, rigorous professional standards and adherence to international norms. At the crossroads between Africa and Asia, our presence in Mauritius allows us to provide an uninterrupted service, the same level of confidence and security to our clients in those regions. Mauritius is also home to a vibrant banking system and is a regional hub for payments and settlements.”
GO Markets, Mauritius – Director, Khim Khor added:
“We strive to be the first choice for trading CFDs for aspiring and experienced traders and to continuously provide the best trading experience to our clients through reliable customer service, transparent pricing, low-latency trade execution and platforms stability. We take pride in establishing a presence in other jurisdictions and working with financial experts and a top-tier bank to reflect our vision and mission to be a reliable and trusted broker for every trading interaction. Mauritius banking sector is well-capitalised and resilient and is a secure banking platform for those regions.”
GO Markets Mauritius maintains client trust accounts with the Mauritius Commercial Bank, a leading banking and financial services player in Mauritius.
GO Markets Mauritius aims to provide traders access to a wide range of quality products with competitive rates to service its new and existing clientele.
Established in 2006 and based in Melbourne, Australia GO Markets is a provider of Forex and CFD trading services, offering Margin FX, Commodities, Indices and Share CFDs trading to individuals and wholesale clients globally. GO Markets Pty Ltd holds an AFSL (Australian Financial Services Licence) from the Australian Securities and Investments Commission (ASIC). GO Markets Ltd licensed by Cyprus Securities and Exchange Commission (CySEC) and GO Markets MENA DMCC are subsidiaries of GO Markets Pty Ltd.