WeTrade Capital Limited, a financial brokerage firm based in
Cyprus, has received a Securities Dealer Licence from the Financial Services
Authority of Seychelles. The company will operate from its registered office at
the IMAD Complex in Mahé.
The approval adds to a growing list of firms licensed by the
Seychelles regulator. Earlier, ICM.com,
a global fintech provider, obtained a similar licence from the FSA.
Trade Nation, a forex and contracts for differences broker, also
secured a licence from the authority. Moneta Markets, another CFDs
provider, joined
the list of FSA-regulated firms, reflecting the regulator’s continued
licensing of offshore brokers.
WeTrade Holds Approvals in Multiple Jurisdictions
Earlier this year, WeTrade
was authorised by the Cyprus Securities and Exchange Commission, allowing
it to operate under the European Union’s passporting regime.
“We believe regulatory diversity is essential to building
long-term trust with traders,” EU WeTrade’s CEO George Miltiadou said.
WeTrade now holds regulatory approvals in several
jurisdictions, including Saint Vincent and the Grenadines, Cyprus, Australia,
Malaysia, and Seychelles.
“By investing in regulatory oversight, we’re better able to
serve our growing international client base,” Miltiadou added.
Seychelles Gains Popularity Among Financial Firms
As regulatory requirements in major financial centers become
more complex and costly, many online brokers and crypto firms are turning to
jurisdictions with clearer rules and operational efficiency.
Seychelles
is gaining recognition as a viable location for online trading and virtual
asset services. The jurisdiction offers a territorial tax system exempting
foreign income from tax, no capital gains or dividend withholding taxes, a
hybrid legal system, and a dedicated framework for virtual asset service
providers.
It also allows full capital repatriation, privacy
protections, and multilingual incorporation. Its time zone supports global
operations. Increasingly, Seychelles is viewed as a flexible and compliant base
for regulated financial companies.
This article was written by Tareq Sikder at www.financemagnates.com.
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