CFDs broker Moneta Markets has strengthened its global presence by obtaining an operational license from the Financial Services Authority of Seychelles (FSA).

Moneta Markets Gains Seychelles License

The official press release shared with Finance Magnates detailed that the new license will help the broker in its "global expansion journey."

"Obtaining our Seychelles license is a testament to our growth – it reaffirms our commitment to offering secure, regulated financial services to our clients worldwide," said David Bily, the CEO and Founder of Moneta Markets.

"Securing this license aligns seamlessly with our broader vision of extending Moneta Markets' presence into strategic financial markets. It signifies more than just a new jurisdiction – it represents the strength of our operations, effective internal controls, and an undeterred focus on customer trust."

Offshore Operations Are Still Popular

Moneta Markets was launched in mid-2020 under the umbrella of Vantage Group and operated as an offshore broker. The brand officially separated from Vantage last year. The broker also holds regulatory approval in South Africa and St. Vincent and the Grenadines.

Seychelles is a popular offshore jurisdiction that houses dozens of retail brokers. The popularity of the island is only growing as many other brokers, including Zenfinex, Naga, and Trade View, have gained Seychelles' license to expand their operations. Estonia-headquartered Admirals also gained a Seychelles license by taking over a local firm.

"We operate in an industry where trust takes precedence," Bily added. "Building it requires transparency, adherence to international regulatory norms, and a client-centric philosophy, and our new license serves as a testament to our commitment to these principles."

Highlighting the future of Moneta, Bily said: "This is yet another milestone on our growth journey. We're already surveying other key jurisdictions to provide our clients with increased access to regulated and secure financial services. Expect more exciting news soon."