Capital.com Receives AFS License from ASIC to Enter Australian Market

Fazzaco learned that Capital.com, a global forex and CFD broker, has received Australian Financial Services (AFS) license from the Australian Securities and Investments Commission (ASIC), and has opened an office in Melbourne. 

The broker currently has entities that are regulated by either the Cyprus Securities and Exchange Commission (CySEC) in Europe or the Financial Conduct Authority (FCA) in the UK.

Peter Richards, who has extensive experience in the Australian online trading and investment space, has been appointed Director of Capital Com Australia Limited. He will help drive the company’s growth as well as oversee recruitment.

“The AFS license affirms our commitment to meet the highest compliance standards worldwide, marking yet another important milestone in the strategic development of Capital.com as a fast-growing, regulated investment trading platform. Known in the UK for our excellent customer satisfaction levels, we are excited to bring our services to the tech-savvy Australian investor base and to support more people in their trading and investing journeys,” commented Jonathan Squires, Group Chief Executive Officer at Capital.com.

​As Fazzaco reported earlier, Capital.com has rolled out a dedicated stock dealing account, called Capital.com Invest​, for clients in the UK and Europe. Users will benefit from commission-free stock trading services. Stock prices will be quoted directly from the exchange to ensure there are no spreads or mark-ups.