Capital Obtains New Regulatory License
Today, on April 19th 2019, Capital.com has announced that they have obtained a new regulatory license from the National Bank of Belarus. This company has operated globally with their Cyprus regulatory license, but in the country of Belarus, that license doesn’t apply. This forced Capital’s hand, requiring them to get a new permit.
Capital now stands as the fourteenth company that has been given a permit to operate in Belarus. Receiving the license was relatively easy for the financial firm, which is in sharp contrast to how difficult it is entering the Russian financial market space due to unfavourable regulation. Belarus has rules that resemble other competitive market spaces across the globe.
Capital.com has now launched a new website in the country of Belarus which will operate under the rules and the regulations of this local regulator. Though the site has been launched, their services are not yet available. However, the company will be open for business shortly.
Belarus expanding during challenging times
Belarus, located beside Poland and Lithuania, is one of the few countries globally that is increasing in the Forex and CFD Brokerage marker space. The sharp decline in the industry is because of the new regulation requirements enforced by the ESMA. Trading volumes across the board have been affected, expected for Belarus which seems to be recovering at a faster pace than any other FX/CFD Market.
Belarus’s decision to have a traditional sense of regulation is what’s prompting so many to apply for a regulatory license. However, Belarus isn’t the only market space that’s adopted traditional regulation. The Kenyan market space for FX and CFD Brokers is just as conventional as Belarus, which has prompted companies like Equiti to start new services like FXPesa is Kenya.
Capital.com will become the best financial service out of the fourteen currently legalised in Belarus. This is due to the company continually educating their clients on the risks that come with trading. The company also create in-house tools that benefit customers on how to make profitable decisions when trading.
To finalise operations, Capital must deposit $55k into a guarantee fund with the National Forex Centre.