AvaTrade now regulated in Europe, Australia, Japan, and the BVI.

Leading Ireland-based forex broker AvaTrade, a member of LeapRate’s Approved List of global regulated forex brokers, has announced that it has become one of the few forex firms to receive regulatory approval of the British Virgin Islands Financial Services Commission.

Quite a number of forex brokers are organized, at the top ‘corporate’ or holding company level, as BVI corporations, with one or more operating subsidiaries receiving licensing in specific jurisdictions such as Cyprus or the UK. However AvaTrade is one of the few forex brokers to go the extra mile and also get the parent holding company regulated by the BVI’s FSC.

AvaTrade operating subsidiaries are also regulated in:

• Europe – Central Bank of Ireland
• Australia – Australian Securities & Investments Commission (ASIC)
• Japan – Financial Services Agency, the Financial Futures Association of Japan and Commodities Futures Association of Japan

AvaTrade recently underwent a major rebranding from AvaFX to AvaTrade.

For the complete AvaTrade press release on tits BVI FSC licensing click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.