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Screenshot of a breaking news alert e-mail from Q2 2017
During the latter part of last year, there was a drive among a number of brokers which had been recently approved for regulatory oversight by Cypriot financial markets regulatory authority CySec to eschew the jurisdiction in favor of London and regulatory oversight by the well-renowned Financial Conduct Authority (FCA).
This direction has now been echoed by established Cyprus-based brokerage Liquid Markets, which until now has operated under its CySec license. Today, the brokerage has announced that it has been granted an FCA license, enabling the company to operate in the world’s foremost financial center.
The new license allows Liquid Markets to offer financial services to its users under a UK brokerage company, thus facilitating the demands of an expansive global clientele within a highly-regulated forex industry.
Obtaining the FCA license is a major milestone for Liquid Markets and demonstrates the broker’s global initiatives as well as its commitment to providing a superior quality of service to an expanding client base.
Liquid Markets today published that it intends to continue to offer its clients diverse ways to invest and trade in the forex market in a straightforward and transparent way. This award-winning broker takes transparency very seriously and is committed to ensuring tight spreads, ultra-fast execution and much more.
Through the new licensing, investors will have their trading accounts backed-up by the UK Financial Services Compensation Scheme (FSCS) up to £50,000 ensuring a high level of protection for their funds. All funds will also be held in a triple A rated depository UK bank and segregated from the broker’s own funds.
Liquid Markets is among some of Cyprus’ most established brokerage firms which have also taken this step, some such recent examples being Iron FX which has established FCA regulated office in London, as part of the firm’s extensive expansion into worldwide markets, and Admiral Markets which headed for the financial powerhouse of London last summer.