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The FSA of St Vincent and the Grenadines is asking existing forex brokers registered with the jurisdiction to produce a certified copy of the forex licences where the entity operates. The details were disclosed to registered agents via a Notice: Requirements for Business Companies (BCs) and Limited Liability Companies (LLCs) engaging in Forex Business Activity”…
We have seen many innocent investors fall victim to early stage brokers operating without a license, and had shut down their operations as they couldn’t pay up a client’s earnings. Whenever this happens, victimized customers do not have any avenue to seek compensation and express their grievances. Now why do brokers need to attain a…
Cyprus became a member of the European Union in 2004, and CySEC was founded in 2001. It opened doors for companies registered in Cyprus to enter the European market. Entering the EU greatly changed Cyprus’s financial regulatory framework, which many considered the country as a tax haven in the past. Companies who had obtained a…
Although China’s security laws were imposed on Hong Kong of late, the city state remain as Asia’s key financial center. Hong Kong based on its maturity or regulatory framework set by the local authorities, is the ideal open market that offers great diversity for financial services providers. Let’s look into details on how the Hong…
Why does the Seychelles Securities Dealer license stand out amongst other licenses? Why many brokers are choosing their startup forex license with Seychelles SDL? Jurisdictions that issue broker dealer licenses, and where they conduct supervision and regulation on Forex and CFD brokerage activities, which has earned 1st tier trust through the words of many private…
The Vanuatu Securities Dealer License (or SDL), is a preferred regulatory regime by many online Forex & CFD brokers. The Republic is located in the western South Pacific, 1900 kilometers east of Brisbane, Australia. The jurisdiction consists of 83 islands, belonging to the Melanesian Islands. The land area is 860,000 square kilometers and the population…
Is setting your own business as a broker dealer your wish? Can you be a regulated broker with just below US$100K budget today? Let’s start with gaining your clients’ trust, where do you begin with for a legal and yet globally recognized business structure? In obtaining trust with your clients, it starts by being regulated…