Exclusive: Valutrades Upgrades License, Becomes Full-Scope IFPRU €730k Firm

[kreslik.news]

Valutrades, a London-based retail broker, has upgraded its regulatory licence according to CEO Graham Watkins. Speaking exclusively to Finance Magnates, Watkins stated that the firm has upgraded it’s license, provided by the UK’s Financial Conduct Authority (FCA), to a full-scope IFPRU €730k firm

Full-scope IFPRU €730k firm status is given to firms based in the UK, with base own funds of €730,000 ($850,00), that must adhere to both the European Securities and Markets Authority’s (ESMA) Markets in Financial Instruments Directive and FCA regulations.

In order to upgrade its license, Valutrades raised £1.4 million ($1.82 ... (read more)