WWM i.e.
WorldWideMarkets Online Trade, which is known as the multi-asset online
brokerage has recently announced for the opening of a new office in the city of
London followed by regulatory approval by FCA or Financial Conduct Authority
for its UK-based entity named as WWM Online Trade Limited. The company has
established UK presence to expand and increase its international footprint and
to accommodate demands from various foreign exchange traders and investors
prevailing in different cities of United Kingdom.
Newly
launched UK Forex broker or foreign exchange entity performs its online trading functions under National
Westminster Bank located in the city of London. The entity is responsible for
serving some qualified traders at the initial level. However, later on, firm
will also provide various forms of White-Label solutions with the proprietary
business platform named as Alpha Trader platform in combination with Currenex.
In this way, the online trade or muti-asset online brokerage plays its
significant role to leverage the risk management expertise of the company.
According
to the comments of Thomas Plaut, director of WWM in United Kingdom highlighted
in front of news release, “The United Kingdom was a strategic choice
for WWM, due not only to its reputation for its robust customer asset
protection, but also synergies with its corporate structure. The United Kingdom
is a natural expansion of our regulatory framework because it allows us to
better access the European market for experienced forex and CFD traders with
Europe's most innovative and proactive regulator, the FCA. WWM will continue to
selectively add regional regulatory domiciles.” Read more about WWM and its subsidiary from here.
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