We are thrilled to announce that XBTFX (SC) Ltd. (a company in the XBTFX Group) has officially been granted a Securities Dealer License by the Financial Services Authority ("FSA") of the Republic of Seychelles.
Obtaining regulated status in one of the premier global financial services jurisdictions and a leading brokerage hub is a significant milestone for us. This recognition not only attests to the competence and quality of our team, but also places XBTFX on par with some of the biggest names in the FOREX brokerage industry. Furthermore, it paves the way for us to enhance our product suite with additional features and allows us to serve a broader range of clients.
This license award is the result of years of dedicated effort and investment by our shareholders and management. We have consistently prioritized doing right by our clients and have followed a strict, no-compromise approach. This successful milestone motivates us to continue improving and providing the best possible customer and trading experience.
What does the new license mean for our clients and our firm:
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Recognition and Regulatory Oversight: This is an acknowledgement of the experience, competence and reputation of the shareholders and management of XBTFX by the FSA. Continuous regulatory oversight ensures that our services will adhere to the strictest securities dealer standards and guidelines.
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Expansion of Features: Under our Seychelles license, we'll soon introduce enhanced onboarding options and more payment processors. This will offer you more funding flexibility in addition to the already available methods.
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Brand Value and Future Growth: This milestone is an important step towards our goal of establishing our brand globally, as it allows us to serve and attract a broader range of clients.
For Existing Users : If you are an existing user, your account and its corresponding terms will remain unchanged with our Antigua entity, and no changes will be made to your account. We are currently in the process of setting up our technology infrastructure, product suite, and onboarding process for the Seychelles jurisdiction. After the launch of our operations in Seychelles, you will have the option to select the entity with which you would like to onboard and trade, based on your preferences.