November 09, 2016
We are proud to announce that our UK entity, Tmill UK Limited, is now licensed and regulated by the Financial Conduct Authority (FCA), under registration number 717270.
The FCA is a financial regulatory body in the United Kingdom, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to the strictest financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.
The acquisition of the prestigious FCA licence is an important milestone for our global organisation that serves a live client base of over 20k clients and processes more than 3 million trades a month.
As a truly STP broker with a strong presence in key markets in Asia, the Middle East and Africa, we are set to expand our reach in the UK and the European Union, providing traders with the opportunity to benefit from our competitive pricing, high levels of financial security, superior execution speed and personalised customer support.
Our existing clients can continue to trade and enjoy our current benefits and excellent trading conditions, while at the same time know that our organisation has received recognition from one of the most respected financial regulators in the world, the UK FCA. New clients from the European Union and many other countries can open a trading account with our UK entity, starting from today.
Tickmill UK will be overseen by Duncan Anderson, who has been appointed as the Chief Executive Officer of Tickmill’s UK operations. Mr Anderson has extensive experience in financial industry and before joining Tickmill, he held various management positions in renowned financial firms. His strong industry knowledge will support Tickmill’s vision to become the provider of choice in terms of quality of trading services and customer experience.
Speaking about the FCA licence, Mr. Anderson commented: “The FCA authorisation marks a new chapter in our history as we expand globally. There is now a clear path to enter the European market with a firm commitment to put our clients’ interests at the heart of our operations and to deliver brokerage services of outstanding quality.”
You can read more about Duncan Anderson and his views on Tickmill’s growth strategy by clicking here.
With the FCA licence, our clients can expect more developments to come, as we are committed to increasing our product offerings and to enhancing our trading services.