Retail Forex broker One Financial Markets has announced another step in its global expansion, receiving Securities and Futures Commission (SFC) regulatory status in Hong Kong.
One Financial Markets has been granted permission to establish a new flagship office in Hong Kong, which will service all clients based in China and the South-East Asia region.
Ashley Clarke, CEO of One Financial Markets commented:
We are especially delighted to receive our authorisation and approvals from one of the most highly respected regulatory bodies, the Securities and Futures Commission of Hong Kong. One of our founding aspirations as a business in January 2007 was to protect the integrity and reputation of our company such that our clients could have the highest confidence in the One Financial brand. We seek to achieve this by ensuring a strong compliance culture is embedded into all our operations and respected by all our staff.
Brian Tsui, Head of One Financial Markets Asia added:
The SFC authorisation strongly reflects One Financial Markets’ commitment to providing clients in China and South-East Asia with better access to professional trading solutions as the increasing demand for better products and services in the region continues to grow in parallel with the advance in financial technologies. Our new Hong Kong office will enable us to respond promptly and professionally with dedicated support and service provided within the Asia-focused time zone. We are confident that our team will continue to raise the strong profile that One Financial Markets enjoys and will play an important role in our company’s global expansion plans.
One Financial is currently licensed by the Financial Conduct Authority (FCA) in the UK, and by Financial Services Board (FSB) in South Africa.
The company is controlled by UAE based businessman Khaleefa Al Muhairi. One Financial reported Revenue of USD $28.2 million in 2015, and a $3.4 million net loss.