Australian FX firm AETOS beefs up UK license

AETOS Capital Group, a retail Forex group originally registered in Australia, has announced that it has obtained an enhanced license in the UK. The firm’s registration with the Financial Conduct Authority (FCA) has been effective for more than two years already but the business is now starting to develop, so the license has been beefed up.

Now AETOS’s FCA license comes along with variation of permission (VOP) to hold clients’ money. This means that AETOS is allowed to hold the clients’ margin deposits in its custodian bank which is regulated by the FCA. Also, AETOS will adhere to the rules of MIFID in the European Union, to provide financial services in 29 EEA States, including contracts for differences, rolling spot forex contracts, spread bet, futures and options.

AETOS is servicing retail FX clients in Australia thanks to its AFS license (313016). The offering is focused on the MT4 platform in its various versions. Talking of AETOS’s Australian business, we should probably mention that on Friday (May 15th), the company gained another partner in the land down under – APPEL Society Pty Ltd.

AETOS operates in the UK under the name Aetos Capital Group (UK) Limited, holding license number 592778.

To view the original announcement, click here.

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