Capital.com, the high-growth global fintech innovator leading the UK leveraged trading industry in overall client satisfaction, has announced it has received a license to operate in Australia and 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 one of the fastest-growing fintechs in Europe, this is the latest expansion initiative by Capital.com to enable more people to seamlessly trade and invest in financial markets.
The approval of the AFS license marks Capital.com’s latest commitment to expand across the globe offering clients a highly regulated and secure trading experience. 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. 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,” said Jonathan Squires, Group Chief Executive Officer at Capital.com.
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, 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. 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,” said Peter Richards, Director of Capital Com Australia Limited.