Capital.com expands in Russia
Capital.com is an FCA and CySec approved Fintech Company. Recently it announced that it planned to open a new branch. It will launch its new services in Russia and other CIS residents. In order to cater to the increasing amount of client demand for online trading. The firm has been working diligently, on developing a strong web-portal to serve its clients in this jurisdiction.
Capital.com has been actively implementing machine-learning technology in their research for new demand. The company’s overall strategy is to broaden its market and expand in the region.
CEO of Capital.com, Ivan Govan, stated that his team is very proud to open access to our platform for traders from the CIS countries. The company aims to provide customers with the best trading conditions in the world. The move, however, is probably raising questions when Russian restrictions on the FX industry are concerned. Most of the forex dealers operating in the country have canceled their contracts and licenses last year. The list includes Fix Trade, Alpari Forex, Trustforex, Forex Club, and Teletrade Group.
However, there is a logical reason behind these restrictions for foreign brokers in the Russian federation. Most scam brokers providing false accounting data, use aggressive advertising to lure Russian clients and move clients’ money offshore.
Capital.com offers AI-focused Apps
Capital.com is a mobile, CFD-focused brokerage firm. Capital Com SV Investments Limited operates it. The Cyprus Securities and Exchange Commission regulates Capital.com, making it safe for clients.
Furthermore, Capital.com offers services to the Russian market through its Belarus regulated brand. The company operates via its Cyprus license. Recently it acquired the new permit.
However, the Cyprus subsidiary will have to notify CySEC before it can provide its services in Russia or any other country. Capital.com developed advanced artificial intelligence technologies to deliver trading-related content in a personalized way. In addition, Capital.com’s team is planning to roll out more advanced new AI features in the near future.