Key Insights
- ATFX secures Hong Kong SFC Type 3 license, allowing it to serve institutional and professional investors in the region.
- The company plans to strengthen its Hong Kong presence and improve global service quality and competitiveness.
- ATFX’s UK entity reported a 95.8% increase in annual turnover for 2023, reaching over £6.18 million.
HONG KONG (MarketsXplora) – ATFX, a prominent player in the retail forex and contracts for differences (CFDs) brokerage sector, announced on Tuesday it has obtained a Type 3 license from the Hong Kong Securities and Futures Commission (SFC), further cementing its foothold in Asia.
The license, granted to AT Global Financial Services Limited, enables ATFX to extend its services to institutional and professional investors in the region.
Joe Li, Chairman of ATFX, emphasized the significance of this development, stating,
“This license not only strengthens our commitment to the Hong Kong market but also validates our dedication to the highest regulatory standards and our unwavering focus on providing our institutional and professional clients with a secure and trusted trading environment.”
The company plans to leverage this new license to enhance its cooperation in Hong Kong and bolster its global presence, with a focus on improving service quality and market competitiveness.
ATFX already holds regulatory authorizations in multiple jurisdictions worldwide, including the United Kingdom, Cyprus, Australia, Seychelles, Mauritius, South Africa, and the United Arab Emirates, underscoring its commitment to operating within robust regulatory frameworks.
The Hong Kong license comes on the heels of strong financial performance for the company’s UK entity, AT Global Markets (UK) Limited, which operates the ATFX Connect brand. For the fiscal year 2023, the UK operation reported an annual turnover exceeding £6.18 million, marking a 95.8 percent increase from the previous year’s £3.16 million. Net income also saw a significant uptick, rising by 64.8 percent to £1.38 million.
It’s worth noting that the ATFX Connect brand caters exclusively to institutions and high-net-worth clients, distinguishing it from the company’s retail-focused operations.
“We look forward to further expanding our presence and serving our valued Hong Kong-based clients with the exceptional service they have come to expect from ATFX,” Li added, signaling the company’s ambitions for growth in the region.