May 07, 2014 04:19 ET
SINGAPORE, SINGAPORE--(Marketwired - May 7, 2014) - FXPRIMUS announced today they have formed FXPRIMUS Australia Pty Ltd and have subsequently opened an office in Australia. Initially they will be operating as a corporate authorized representative (No. 456992) of HLK Group Pty Ltd which holds the Australian Financial Services License (AFSL 435746). In addition, FXPRIMUS will be submitting their application for an AFS license.
FXPRIMUS President Terry Thompson said of the latest development, "This is an important event in the growth of FXPRIMUS, in that it adds a significant layer of credibility to our brokerage firm. While we have a presence in other respected jurisdictions, to have the ability to provide our current and future clients with the comfort of knowing we are operating under the jurisdiction of the Australian Securities & Investment Commission (ASIC) is invaluable. Our Asian client base is very important to us, and it's no secret that having an Australian presence and operating under ASIC regulations is held in high regard. Moving in this direction is an obvious progression in maintaining our commitment to customers to conduct our business in a responsible fashion, something we've done since Day 1."
Mr. Thompson continued, "We view this as a two-step process. The first is already completed. After performing extensive due diligence on our operations, HLK Group has extended an offer to us to become a corporate authorized representative (CAR.) The second step is also in progress, and we are eagerly awaiting AFS license approval in due course."
FXPRIMUS is a leading online Forex brokerage offering trading in over 140 instruments, including Forex, precious metals, CFD's, global equities and fossil fuels to traders in 205 countries across 6 continents. In addition, FXPRIMUS offers STP trading providing clients with the most competitive trading environment in addition to various trading tools and daily market commentary. Since being founded in 2009, FXPRIMUS has grown exponentially opening multiple offices, received multiple regulatory licenses, and have earned many prestigious awards. The most recent being Best STP Broker Asia & Best Trade Execution Asia 2014 by Global Banking & Finance Review. For more information, please contact email@example.com.
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