Avatrade broker which trades cryptocurrencies secures Forex Broker license from UAE ADGM

Foreign exchange (forex) and contracts for difference (CFD) broker AvaTrade revealed this year that it has secured a  ForexBrokerage license from Abu Dhabi Global Markets  (ADGM) (FRSA). AvaTrade Middle East's website states that it trades in cryptocurrencies and has seven regulations in six continents. As revealed on their website, " Since 2006 AvaTrade has expanded with over 300,000 registered customers with trade volumes surpassing 70 billion USD. Our scope includes a full spectrum of trading instruments covering Forex trading, stocks, commodities, cryptocurrencies and indices."

AvaTrade Middle East Ltd (FSPN 190018), part of the Ava Group, has received the new license. In particular, ADGM has issued the FX broker with a full Category 3A license (No. 190018). According to the statement provided by the firm, AvaTrade is the first broker ever to be issued such a license, as it allows the company to service both retail and professional clients. It is also the ninth global license received by the Group.

Avatrade's CEO Daire Ferguson states, " As regulation continues to shapre the future of our industry, Avatrade clients can be confident of trading with a broker that embraces regulatory change as a strategic objective." He adds, " Our license under ADGM s a further demonstration of this committment to provide our clients with the safest and most secure trading envirionment everywhere on the planet."