Ava FX just announced that it was authorized by ASIC to start operating in Australia. Ava Capital Markets Australia will offer Ava’s trading services to local and Asian traders. Australia has quickly become a major center for forex brokers trying to tap the Asian markets. As operating in China is forbidden (more or less) and Hong Kong license is both limiting and expensive, Australia stands out as the only stable location for forex brokers looking both for sane regulation and ability to support Asian clients in their time zones. Australia also offers a highly advanced capital markets climate and multilingual staff which helps run operations smoothly.
Forex regulation in Australia is about to change as due to the high number of registering brokers and participating traders ASIC is starting to notice this marginal capital markets niche. As described in detail in the latest Q4 2011 Forex Magnates Industry Report ASIC will soon introduce higher minimal capital requirements and limitation on funding sources, among other things.
Most brokers welcome this additional regulation as its obvious that ASIC is trying to protect the industry rather than shut it down like NFA some other regulators.
Monday, January 23, 2012, Sydney – Leading online financial services and trading group Ava FX (www.avafx.com.au) has opened an office in Sydney to provide Australian CFD customers with the full range of FX and CFD trading services. Ava FX is now fully regulated by Australian Securities and Investment Commission (ASIC) through it’s Australian subsidiary Ava Capital Markets Australia Pty Ltd.
The numerous requests for Ava FX services by Australians made it clear that there was a strong demand for Ava FX’s unique offering in Australia and this was the impetus for this important development. Ava CEO Emanuel Kronitz said: “we are delighted to establish our Sydney office. Having obtained the ASIC license, we look forward to being able to offer Australian customers Ava FX’s incomparable service and trading resources, which has made us the fastest growing broker.
Investors can know that they will be trading with a trusted and established company. Kronitz continues: “our primary concern is to provide customers the most efficient, transparent and absolutely the best customer service available anywhere.”
With the the establishment of the Australian headquarters of Ava FX in Sydney. Ava Capital Markets Australia CEO Sudhanshu Agarwal comments: “this is a milestone occasion – with Ava’s Australian local office being established and the granting of the ASIC license, we look forward to our entry into the Australian market as a recognized financial services company providing innovative trading solutions. We have no doubt that once customers begin experiencing our customer service and offering, we will soon become the broker of choice in Australia.”
Ava Capital Markets Australia Pty Ltd (Ava FX) is a global FX and CFD trading broker offering one-click FX, commodities, indices, stocks, and bonds trading. Since starting in 2006, Ava FX has become one of the fastest growing Forex & CFD trading companies. It is fully regulated within Australia, the EU and Japan.
Ava FX provides multiple trading platforms for the beginner and expert traders. Expert data and analysis is provided by the company in order to better assist clients to trade more effectively and with confidence.
Ava FX’s success can be attributed to their customer focused approach which has seen the company win many Global awards in the past twelve months including the “Daily Forex” customer service award.
Hi,
“rather than shut it down like NFA some other regulators.”
What NFA actions are you referring to?