Capital Index plans further expansion in Asia, starts with Chinese website

Capital Index plans further expansion in Asia, starts with Chinese website

- in All News, Forex Brokers

Forex broker Capital Index said on Monday it has launched a website for Chinese clients, The move is part of the broker’s plans for business growth and international expansion with a focus on the Asian markets.

“China has long been a market that we identified as being suitable for development within the Capital Index group,” said Robert Woolfe, CEO of Capital Index. “The appetite for our offering amongst the large number of Chinese retail FX traders is self-evident. Making China a central part of our continued growth can only be fully achieved by engaging with this market in a clear and transparent manner,” he added.

The company intends to further expand its operations in Asia, starting with the beginning of 2017. However, no details were provided and only time will tell what the broker has in mind.

“As we move in to Q1 2017 Capital Index will broaden our reach even further in to Asia,” Woolfe noted.

Meanwhile, the broker also said it saw a strong month in August, one of its best ones. This is contrary to the global trend. As we reported earlier in the day, all major forex brokers that publish monthly trading metrics posted last month very low trading volumes and daily average revenue trades (DARTs).

“August has been [Capital Index’] best month in terms of number of trades executed and number of clients dealing. In fact, contrary to the degree of negative sentiment in the City post the UK Brexit vote at the end of June, trading volumes have been very good,” the broker’s head said.

Capital Index offers trading in contracts for difference (CFDs), spread betting and spread trading on forex, commodities, bonds, indices and metals. It is a brand used by sister companies Capital Index UK, which is licensed by the UK Financial Conduct Authority (FCA), and Capital Index Cyprus, which holds a license from the Cyprus Securities and Exchange Commission (CySEC). The broker also operates in South Africa, where it is a juristic representative of Khwezi Financial Services which is authorized and regulated by the Financial Services Board (FSB).

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