Skilling, a foreign exchange and CFD online trading platform, announced this Tuesday exclusively to Finance Magnates that it has acquired a regulatory licence in Seychelles, allowing the company to continue its global expansion.
In particular, the trading provider was granted a licence by the Financial Services Authority (FSA) of Seychelles, the regulator for non-banking financial services in the country.
According to the statement seen exclusively by Finance Magnates, Skilling’s business in the country is Skilling (Seychelles) Ltd, and is authorised and regulated by the FSA under license No. SD042 as a securities dealer, the regulator’s website shows.
Commenting on the new licence, André Lavold, CEO of Skilling Group, said in the statement: “The acquisition of the prestigious Seychelles licence is a very important milestone for our global expansion. Since our launch in Europe last year, we proudly witnessed a high demand for our product.
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“We have worked continuously in the past 12 months to make our trading platform even faster and slicker. We are now ready more than ever to offer our proprietary trading platform ‒ with competitive and transparent pricing, ultrafast order execution, and multilingual support ‒ to traders from all over the world.
“Skilling is well-positioned for international growth; and, with the Seychelles licence, our customers outside Europe can expect the same level of excellence Skilling has been providing to its customers in Europe.”
Skilling continues expansion
Skilling was founded in 2016 and secured its licence in 2018 under the Cyprus Securities and Exchange Commission (CySEC), allowing the company to provide trading services in the EEA.
Earlier this year in January, the firm obtained authorisation for its branch in the United Kingdom by the Financial Conduct Authority (FCA) so that it can continue servicing the UK after Brexit.
“We have exciting times ahead of us, and both I and the team are very excited”, Lavold added in the statement.