Brokerage group ATFX announced on Tuesday that it has secured a Type 3 license from the Hong Kong Securities and Futures Commission. The Type 3 license allows a firm to offer clients trading in leveraged foreign exchange trading.
Hong Kong is similar to the US in that its regulatory regime only permits OTC contracts on the foreign exchange markets. However, local brokers are also able to offer leveraged gold and silver trading by deriving a price from spot contracts that are traded on the Chinese Gold and Silver Exchange (CGSE). These products are not regulated but leverage is effectively limited by margin requirements imposed by the CGSE.
“We are thrilled to have been granted the Hong Kong SFC license, which is a significant milestone for ATFX,” said ATFX Chairman Joe Li. “This license not only strengthens our commitment to the Hong Kong market, but also validates our dedication to the highest regulatory standards and our unwavering focus on providing our institutional professional clients with a secure and trusted trading environment.
“We look forward to further expanding our presence and serving our valued Hong Kong-based clients with the exceptional service they have come to expect from ATFX.”
ATFX now has an increasingly large global footprint, with licenses in almost every major jurisdiction. Exchange Commission (CySEC), South Africa’s Financial Sector Conduct Authority (FSCA) with an ODP license, the UAE Securities and Commodities Authority (SCA), the Australian Securities and Investments Commission (ASIC), Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA).
Adding the Hong Kong SFC license means ATFX is poised to expand its reach in the Global market, providing a broader stage for its future endeavours. Moving forward, ATFX will further strengthen its cooperation in Hong Kong and globally, continuously improving its service quality and market competitiveness. During this critical strategic development period, ATFX has outlined an ambitious development blueprint, aiming to enhance its brand influence and leverage its unique advantages to expand into broader international markets.
