Cyprus-based financial brokerage firm Wetrade Capital Limited has obtained a securities dealer license from the Seychelles Financial Services Authority. The company will operate from its registered office at Imad Complex in Mahé.

The approval adds an increasing list of companies licensed by Seychelles regulators. before Global Fintech Provider ICM.com Obtains a similar license from FSA.

Trade country, a Forex and the difference in contract brokers, Also obtained a license From authority. Moneta Markets, another CFDS provider, Joined the FSA-regulated company listreflecting the continued permission of regulators from offshore brokers.

Wetrade holds approval in multiple jurisdictions

Earlier this year Wetrade is authorized by the Cyprus Securities and Exchange Commissionallowing it to operate under the EU’s passport system.

“We believe that regulatory diversity is crucial to building long-term trust with traders,” said George Miltiadou, CEO of the EU Wetrade.

Wetrade now has regulatory approvals in several jurisdictions including St. Vincent and the Grenadines, Cyprus, Australia, Malaysia and Seychelles.

Miltiadou added: “Through investment regulatory oversight, we can better serve our growing international client base.”

Seychelles gains popularity among financial companies

As regulatory requirements for major financial centers become increasingly complex and expensive, many online brokers and crypto companies are turning to jurisdictions with clearer rules and operational efficiencies.

Seychelles is gaining recognition for viable locations for online transactions and virtual asset services. This jurisdiction provides a territorial tax system that exempts foreign income from taxes, no capital gains or dividend withholding taxes, a hybrid legal system, and a dedicated framework for virtual asset service providers.

It also allows for full repatriation, privacy protection and multilingual companies. Its time zone supports global operations. Seychelles increasingly sees it as a flexible and compliant basis for regulated financial companies.

This article was written by Tareq Sikder on www.financemagnates.com. (tagstranslate)Wetrade(T)FSA



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