Kwakol acquires Australian ASIC License

Kwakol has secured a licence from the Australian Securities and Investment Commission.

By

Kwakol

Date Published

January 25, 2022

Category

News

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.

Risk Warning: Trading leveraged products such as Forex and Cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Read More Here-

Disclaimer: This information in this article is NOT investment advice. It is intended for information and entertainment purposes only.

More Stories from Kwakol

The FTX Saga - How To Not Go Bankrupt

If you haven’t already heard, FTX, the crypto exchange, has been all over the news for what people are calling “a scandal for the ages”.

Brief Dive: Nigeria's Solar Energy Market

Nigeria is one of the most promising solar energy markets in the world. It has an average of 19.8 milliJoule per square meter per day in...

The market for secondhand or used smartphones and PCs in Nigeria

Nigeria has had the highest growth in mobile phone penetration in Africa, averaging 81%, and a mobile phone subscriber base that reached...