Samtrade FX, an online foreign exchange (forex) and CFD trading platform, announced this Wednesday that it has secured licences both within the United Kingdom and Australia.
In a company statement, the brokerage revealed that it has been registered and authorised as an Appointed Representative by the (FCA) under reference number 929921. According to the UK regulator’s register, Samtrade UK International Limited is the company that has been authorised as of the 15th of July 2020.
In addition to having Samtrade UK International Limited authorised as an appointed representative, Samtrade FX also said today that it has obtained an Australian Financial Services (AFS) licence from the (ASIC) under registration number 001281861. Finance Magnates has not been able to confirm this information.
Samtrade FX was set up in 2015. The company has expanded its presence across Europe, Southeast Asia and Greater China. The broker uses the MetaTrader 4 platform to provide its services.
Samtrade FX secures Vic Tham for compliance
In addition to securing the new licences, Samtrade FX also revealed that it has appointed Vic Tham as its Global Chief Risk and Compliance Officer. According to his LinkedIn profile, Tham has worked at a number of financial giants such as Bank of America Merrill Lynch and Standard Chartered.
Source: LinkedIn
“These added layers of regulation – on top of the existing licences that Samtrade FX already holds, reinforces our commitment toward setting the highest possible standards in corporate governance, trading experience, and client satisfaction. It also enhances SamAideTM, which offers robust fund security for clients to trade with a peace of mind.”
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