The broker obtained the license as part of his post-Brexit strategy.
It enables the broker to provide services in Spain and other EEA nations.
Darwinex, a retail broker and asset management located in the United Kingdom, has obtained an operating license from the Spanish regulator, known locally as Comisión Nacional del Mercado de Valores (CNMV).
The new license, which was officially announced on Tuesday, would enable the brokerage to lawfully provide trading services to retail clients in Spain and other European Economic Area (EEA) nations.
“It was a joy to work with the CNMV regulator to adapt our business model, compliance procedures, operations, and finances to the Spanish legislation,” stated Darwinex's Co-Founder and CEO, Juan Colón.
Darwinex already has a license from the Financial Conduct Authority of the United Kingdom (FCA ). The corporation added the additional license to guarantee its operations in Europe after the conclusion of Brexit. Previously, it exported its FCA license to provide services to EEA customers.
The inclusion of the additional license did not come as a surprise, given the company's application for a Spanish license had been made public in late 2020.
“This concludes our post-Brexit strategy. We can now concentrate on enhancing our portfolio and speeding our expansion,” Colón said.
Darwinex already has a license from the Financial Conduct Authority of the United Kingdom (FCA ). After Brexit was finalized, the corporation sought to guarantee its activities in Europe by acquiring a new license. Previously, it exported its FCA license to provide services to EEA customers.
To expedite expansion, the broker also secured €3 million in a fundraising round headed by Stefan Jaecklin and Pinorena Capital last year. The firm has raised a total of €9 million in investment so far.
Darwinex was formed in 2012 by Juan Colón, Javier Colón, and Miguel ngel González, three entrepreneurs. Now, the company has offices in London and Madrid. In addition, the broker emphasized that it had over 170,000 members in 75 countries and over €80 million under management.
“Our investable indices establish a symbiotic relationship between traders and investors around a distinct alternative product that is uncorrelated with conventional markets,” the CEO stated.
Darwinex on WikiFX
Darwinex is a registered broker for online trading and is governed by FCA Regulations. This broker has a high WikiFX score. It indicates that this broker effectively manages the assets of its investors. Since being featured on WikiFX, there has only been one complaint.
Visit the Darwinex WikiFX Dealer Page to learn more.
Licenses
The Darwinex
Darwinex is an online broker and asset management with a growing community of self-directed forex traders and strategic investors. In this broker review, we will examine the unique trading features, as well as the essential information on ECN spreads, fees, and leverage. Determine whether you should access Darwinex today.
Darwinex Details
Darwinex was introduced in 2012 under the name Tradeslide Trading Tech Limited. The firm is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, where it has its headquarters.
In recent years, the broker has seen significant expansion, with over 40 staff servicing over 3,000 customers in 80 countries. The broker's income quadrupled in 2017 due to the performance of its alpha asset, the DARWIN (Dynamic and Risk Weighted Investments).
Darwinex also provides trading in foreign exchange, indices, commodities, US equities, and cryptocurrencies using DMA platforms such as MT4 and MT5, as well as FIX API technologies.
To obtain the most recent news on the move, download the WikiFX App from the App Store or Google Play Store for free.
Leave a Reply