Capital.com Temporarily Halts UK Registrations

Traders based in the UK seeking to register with Capital.com may encounter a temporary halt, as the company's FX/CFD trading platform has paused new client registrations under its Capital Com (UK) Limited division.

Prospective UK clients visiting Capital.com's website are informed of the temporary suspension in new client onboarding, with an explanation citing the company's rapid growth and commitment to upholding high service standards.

Capital.com emphasizes the importance of ensuring that its systems, controls, products, and services align with the expectations of clients, management, shareholders, and regulatory bodies amid its rapid expansion. Confirmation of the suspension was provided in an email to Finance Magnates, affirming the company's dedication to maintaining exceptional service quality for its existing UK clientele amidst expansion into new and evolving markets. While a specific timeline for resuming new client registrations has not been provided, Capital.com assures existing clients of uninterrupted trading activities, including regular deposits, withdrawals, and trading operations.

Despite this pause, Capital.com holds an active authorization from the UKs Financial Conduct Authority (FCA) since 2018, affirming its operating license remains unaffected.

Established in 2016, Capital.com has experienced rapid growth and now stands among the top financial brokers globally. In September 2023, Capital.com released its financial performance for the fiscal year 2022, reporting earnings of £4.13 million and revenue of £29.11 million, indicating a significant increase compared to the previous year. The year 2022 marked a period of notable success for Capital.com, particularly under the leadership of newly appointed CEO Peter Hetherington, who took over from Jon Squires in May 2022. Hetherington's extensive experience, gained from his former role as CEO of the London-based, publicly traded brokerage IG Group, played a key role in this achievement.