Fondex acquires Seychelles FSA license
Established in 2017, and acquiring its CySEC license in order to provide online trading services in the EU, Fondex has constantly been looking for new ways to expand its business. With this new license, the broker is expanding its product and services offering to clients outside Europe, keeping the same high standards, while also continuing to abide by its solid foundation of transparency.
“The acquisition of this prestigious license is a very important step towards our global expansion. The decision of Seychelles was based on two very important factors - regulation and banking - in order to ensure that our clients will get the same level of services and security on their accounts. Our FSA license is surrounded by a strict regulatory framework, making it also trusted by Tier-1 banks. We are now more ready than ever to offer our services worldwide and provide our clients with an extensive range of trading instruments, the multi-award winning cTrader, along with some of the most competitive trading conditions in the market.” said Mr Alexander Sologubov, COO of Fondex.
The Seychelles Financial Services Authority (FSA) is the regulator for non-bank financial services in Seychelles. Established under the Financial Services Authority Act, 2013, the Authority is responsible for the licensing, supervision and development of the non-bank financial services industry of Seychelles.
Fondex is a trading name of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11. With more than 1,000 instruments across 7 asset classes, Fondex allows investors to create a well-diversified trading portfolio. Fondex cTrader offers the opportunity to trade in four different ways, manually, copying other traders’ strategies, using cBots, and following signals from Trading Central and Autochartist, making it the ideal platform for both experienced traders and beginners. Spreads start from 0.0 pips and Fondex charges the lowest cTrader commissions globally on Forex, Energies, and Precious Metals. Additionally, Fondex secures its clients’ funds by keeping them in Tier-1 segregated accounts, while also offering them Negative Balance Protection. For more information, please visit fondex.com.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.