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 individuals are mainly:
- UK FCA
- Australia ASIC
- Cyprus CySEC
- Singapore MAS
- Malaysia Bank Negara and Securities Commission
- Germany BaFin
- Switzerland FINRA
- New Zealand FMA
So if you are an early or start-up stage Forex and CFD broker, before challenging your organization to fulfil regulatory obligations set out by the major jurisdictions listed above, in my opinion, Seychelles is a very preferred jurisdiction of my choice when it comes to attaining a license for the startup or broker dealer who are in their early stage of expansion. The application time for a brand-new setup in a major jurisdiction could take up to years to obtain a ‘green light’, this is especially true if your company has no operating experience or your entity is not a bank-backed. The Seychelles Securities Dealer License is a 1st tier securities license where it allows the broker/dealer to offer a variety of financial instruments (these include stocks, bonds, forex, futures and CFD), empowering the broker/dealer the ability to offer their multi-asset class investment service.
If straightforward processing is what you are looking for when applying for a license, and you want your startup forex license with Seychelles SDL, please feel free to contact us.