Kwakol acquires Australian ASIC License
Kwakol has secured a licence from the Australian Securities and Investment Commission.
Kwakol has secured a licence from the Australian Securities and Investment Commission. The licence has been acquired under the name of Kwakol Markets PTY LTD, a member of the Kwakol Group of Companies.
As an authorised Dealer in Securities, Kwakol is permitted to act as an intermediary in the execution of securities transactions for clients. We are authorized to provide financial product advice, deal in financial product/issue, apply for, acquire, vary or dispose of financial products for clients.Under Australian regulation, the company will operate as a Multi-Asset Broker.
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect investors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the Australian Securities and Investments Commission Act 2001.
Kwakol is a global brand with a solid reputation in the brokerage sphere as one of the most in-demand Multi-Asset Broker from Nigeria.The company offers a broad range of services including technology solutions, research services and trading platform with over a thousand trading instruments across the entire spectrum of assets.
Kwakol has a vibrant and innovative team with 4 registered offices in 4 countries (HongKong, United States of America, Nigeria and Australia).
CEO and Founder of Kwakol, Dr. Yakubu Ishaku, commented:
We are pleased to have added another prestigious licence to our growing portfolio. Our latest licence acquisition means that even more clients across the world will be able to benefit from the highest level of protection offered by one of the world’s leading, Multi-Asset Broker.
Further licence applications with established regulators are expected to be concluded during 2022.