Divisa UK Limited, trading as Divisa Capital and which also operates the Equiti.com retail FX brand in the UK and EU, has announced that it has been issued a full-scope IFPRU €730k license by the UK’s Financial Conduct Authority (FCA).
Divisa’s original license from the FCA was for a Limited License – matched principal broker.
Commenting on the new license, newly installed Divisa Capital CEO Brian Myers (pictured above) stated:
The IFPRU Full Scope €730k license was the next logical step for Divisa. The company has committed huge resource over the past few months in preparing for the license application, building on our robust governance framework and developing our systems and controls.
Iskandar Najjar, Equiti Group CEO, adds that:
In early 2017, Divisa Capital received a significant capital injection when the company was acquired by its parent company, Equiti Group, boosting its liquidity levels and allowing the company to recruit heavily and continue its expansion plans. This license is in keeping with the Group strategy.