CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.00% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
LONDON, 8 August 2018 – Blackwell Global UK has on 1 August this year upgraded its Financial Conduct Authority (FCA) brokerage licence to the full-scope IFPRU €730k firm.
The variation of permission to the highest licence level issued by FCA ensures that Blackwell Global UK adheres to good corporate governance, stringent risk control measures and increased liquidity levels.
Patrick Latchford, Blackwell Global UK CEO, commented
Given the imposition of the new ESMA regulations, especially in relation to negative balance protection, the timing was right to gain the full licence and continue to grow the business. Blackwell Global supports the FCA’s efforts to properly account for market risk and its encouragement of brokers to move away from the matched principal model.”
Blackwell Global UK has received a significant capital injection from its parent company, Blackwell Global Group. This licence upgrade is part of Blackwell Global’s strategic development plans as the group continues to grow its presence in Europe to complement its strong position in Asia.
Apart from the FCA regulations, Blackwell Global UK also complies with the European Securities and Markets Authority’s (ESMA) Markets in Financial Instruments Directive (MiFID).
