简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Admiral Markets has entered the North American markets as the broker secured a license from the regulator in Canada, the Estonia-headquartered broker announced on Friday.
The broker will initially offer its services in two states.
It came as a part of the brokers strategy for global expansion.
Take Advantage of the Biggest Financial Event in London.
Its local entity, Admiral Markets Canada Limited, has become a member of the Investment Industry Regulatory Organization of Canada (IIROC) and registered itself as an investment dealer.
IIROC oversees investment dealers, brokers, and trading activity in debt and equity markets in Canada. The Canadian clients funds of Admirals will also be protected by the Canadian Investor Protection Fund (CIPF).
“Obtaining this license in Canada is a strategic benchmark for the company being our first license achieved in the region of North- America,” said Admirals‘ CEO, Sergei Bogatenkov. He further said that the new license is a part of the broker’s strategy to position itself globally.
A Regulated CFDs Broker
With the new license, the company under the brand Admirals will provide execution-only services in Contracts-For-Difference (CFDs) to clients in Ontario and British Columbia. Though the services will be limited to only two states initially, it has plans to further expand its reach across the country over the coming years.
The broker further revealed that it wants to observe the demand for its products in the Canadian market and would come up with unique selling points to differentiate itself.
Now, Admirals operates primarily in the European markets and also some other overseas markets outside the continent with local licenses. The group witnessed a decline of 43 percent in its revenue for 2021, Finance Magnates reported earlier.
“During recent years, we have opened new regions, which enable us to offer access to financial markets for everybody and anytime. This is another success story and continuation of our expansion plans,” Bogatenkov added.
“Regardless of that, this is a move outside our core markets in Europe, we are confident that lessons learned and particularly language synergies with the region we commence operations should allow us to seemingly adapt our operation successfully in Canada.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
IMC Financial Markets has agreed to pay a $1.2 million fine as part of a settlement with the Financial Industry Regulatory Authority (FINRA) following failures in its Consolidated Audit Trail (CAT) reporting obligations. The violations spanned from June 22, 2020, when the obligation first came into effect, until June 30, 2023.
CFTC, DOJ, and SEC announced its first coordinated federal action against voluntary carbon market fraud involving CQC, highlighting the need for stricter regulation of carbon offsets.
David Kagel, 86, a former Beverly Hills lawyer, has been sentenced to five years probation and ordered to pay $14 million after pleading guilty to orchestrating a crypto Ponzi scheme.
The Securities and Futures Commission (SFC) of Hong Kong has taken disciplinary action against CSC Futures (HK) Limited (CSC), imposing a fine of $4.95 million for significant lapses in adhering to anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations.