FXOpen gets UK FCA license, opens London office

New Zealand based brokerage opens a new office in London, aims to further expand into Europe

True ECN brokerage FX Open, hailing all the way from New Zealand, becomes the latest to open a UK office. With the announcement today that it has opened its first physical office in London, the company aims to explore new opportunities in Europe. Earlier in March 2013 the company acquired a FCA regulatory license and will be entering the hugely competitive UK and European forex trading environment.

With the tone of commitment to great customer experience, the Director of FXOpen NZ Limited, Denis Paganov, said that the company is glad to expand its footprint into the region and will be seeking to offer its reliable and transparent trading environment to the European Forex community.

Competition for UK based brokerages is not subsiding any time soon – on top of MiFID regulated entities, several foreign brokers have gotten FCA regulated and start operation on UK turf. While the main beneficiaries will be the end customers, competition is getting really tough in an already saturated market. While the advantages of FXOpen’s true ECN are widely acclaimed, it remains to establish the hard part for the company will be to establish its brand on the European continent.

For a link to the full press release visit FXOpen’s website.

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

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FXOpen gets UK FCA license, opens London office


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