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Capital.com is opening its service to Russia and CIS residents in order to support an increasing client base and cater to demand for online trading services in the region.
In addition, the delivery of a trading environment to the CIS market goes hand in hand with the company’s overall strategy to expand in the region, one of the largest markets for Capital.com.
“We are proud to open access to our platform for traders from the CIS countries and set ourselves the task of providing customers with the best trading conditions in the world. Fast execution of orders, powerful analytical tools and an impeccable reputation are only part of what we are ready to offer our customers,” said Ivan Govan, CEO of Capital.com
The official reasons behind the move was that brokers had been using aggressive advertising to lure Russian clients, providing false accounting data, mishandling risks and moving clients’ money offshore, among other violations.
Capital.com is a mobile, CFD-focused brokerage firm which is operated by Capital Com SV Investments Limited, regulated by the Cyprus Securities and Exchange Commission (CySEC).