The London headquartered, FCA-regulated retail fx CFD and spread betting brokerage house, ActivTrades has expanded its operation into the Bahamas by setting up of a new office there. The new office in the Bahamas will be known as ActivTrades Corp and will be based out of Nassau. It will help ActivTrades to grow its international clientele base with a greater focus on South American and Asian regions.
ActivTrades Corp will be regulated by Securities Commission of the Bahamas and has also secured the license to start its operations. The client funds are held in segregated bank accounts with clients benefitting from negative balance protection. Also, ActivTrades is offering a $1 million fund for the insurance policy that is being underwritten by participating syndicates at Lloyd’s of London.
ActivTrades Corp will its clients a greater trading flexibility and can utilize extensive trading conditions. Commenting on the opening of new office in the Bahamas, Alessandro Gho, CEO of ActivTrades Corp said: “This is an exciting time for ActivTrades. Our new office will allow us to better reach emerging markets, which over recent years, have shown an increase in active interest in our services and product offering. We are a successful global company and brand, our expansion further cements this.”
In Recent years, Bahamas has turned as a popular destination for brokers and trend has only grown as due to the shift in leverage and other retail regulations this year. The shift is caused due to tightening regulatory conditions has forced many brokerages to look beyond Europe for an alternative jurisdiction. ActivTrades has also got aggressive in its expansion plans with the launch of Dubai office over a year ago, to support the growth in Middle-East regions. Earlier this month, it has also promoted Georges Batrouni as Senior Executive Officer (SEO) for the MENA region, operating out of Dubai. The brokerage house is also working on to launch a wholly revamped trading platform in coming months.
