Exness is pleased to announce that its UK entity, Exness Europe Limited (EEL), has received approval from the FCA to upgrade its permissions to a full scope, "IFPRU €730k" license. This means the company can now trade with its clients as principal without the matched limitation. Having acquired its full scope license, EEL is set to expand its global reach by becoming fully operational in the coming months.
"This is an important step in the development of the UK arm of the Exness Group. The upgraded license will afford the company greater flexibility in its business model and will further increase transparency in pricing and execution for its clients", said David Morris, CEO of EEL.
The Exness Group reported a record-breaking $313.7 billion trading volume in March 2017, growing as one of the world's leading forex brokers at an impressively rapid rate. As a strong advocate of transparency in the forex market, Exness regularly publishes third-party verified performance indicators and auditors reports on its financial performance.