Admiral Brokers received financial authorization from the British Financial Conduct Authority. This is another step forward for the company.
Admiral Markets recently won two awards in Australia. For more on the UK authorization, here is the official press release:
London – June 17, 2013 – Exercising integrity, skill and diligence, maintaining proper financial
resources and ensuring adequate protection for clients’ assets – those are only some of the many
strict requirements the international broker Admiral Markets met to be authorised by the United
Kingdom’s highest authority in financial markets, the Financial Conduct Authority FCA (previously
FSA). Admiral Markets UK Ltd, the latest addition to the Admiral Markets Group, just received its
regulation in the UK. “As a top-level broker, we advocate the regulation of foreign exchange markets
everywhere”, says Admiral Markets’ Vice-President, Dmitri Laush. “After entities within the Admiral
Markets Group have obtained licenses by the EU, the Australian authorities and the Uruguayan
central bank, getting regulations from the renowned British FCA was the next logical step for us.”
Admiral Markets UK Ltd will offer its services to customers based in the United Kingdom and Western
Europe, operating from the London office. “An additional regulated firm in Europe provides even
more investor protection and trading opportunities to our clients”, says the new entity’s CEO, Elina
Pedersen. “The FCA authorisation is one of the hardest to obtain worldwide for any broker. Admiral
Markets has always been following high-level rules of fund segregation, financial security and
customer care. Receiving the UK regulation is the acknowledgement of our efforts and proof of our
success.”
The first clients will be accepted by the London office starting July 1, 2013. Customers from Western
Europe who are already trading with Admiral Markets’ European regulated entity Admiral Markets
AS can then open an account with Admiral Markets UK Ltd as well. “Those traders can keep an
account with both firms, or pick the regulated entity of their choice”, Pedersen explains. Funds can
be transferred internally. All clients under the new Admiral Markets UK Ltd will enjoy the full
advantages of an FCA regulated company, like funds segregation, financial security and
compensation schemes and grievance redress mechanisms.