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Abstract：WeTrade secures a CySEC license, allowing EU-wide operations. The approval boosts services, partnerships, and trust across the global trading community.
WeTrade, a Cyprus-based financial brokerage firm, has received approval from the Cyprus Securities and Exchange Commission (CySEC) for its regulatory license, enabling the company to expand its operations across the European Union. The license, effective under number 453/25, provides WeTrade with EU passporting rights to legally offer services in multiple EU countries.
In a LinkedIn announcement, the company shared its excitement, stating:
This regulatory approval opens the door for WeTrade to not only operate legally throughout the EU but also to improve its service offerings. The firms focus includes:
CySEC confirmed the approval on its official website, listing WeTrades address as Agias Fylaxeos & Zinonos Rossidi 2, 2nd Floor, 3082, Limassol, Cyprus. This approval serves as a significant step forward in WeTrade's growth and solidifies its standing in the competitive financial sector.
While granting new licenses, CySEC has tightened its regulatory oversight on financial companies in Cyprus. Recent actions include:
In the past year alone, CySEC has conducted over 850 inspections, imposed €2.76 million in fines, and canceled several operating permits. With new EU regulations in place, CySEC continues to focus on:
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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