CySEC has granted the Cyprus-based financial brokerage firm WeTrade a regulatory license. According to the announcement by the company, the approval allows the firm to operate under EU passporting rights.

“WeTrade International CY Ltd., a proud part of WeTrade Group, is now licensed by the Cyprus Securities and Exchange Commission (CySEC),” the company mentioned on LinkedIn.

“With Cyprus as our strategic hub, we’re ready to enhance our services across the EU and build even greater trust with our global trading community.”

Regulatory Green Light from Cyprus

WeTrade International CY Ltd., part of the wider WeTrade Group, has secured a licence from the Cyprus Securities and Exchange Commission (CySEC), effective under licence number 453/25. The CySEC licence reportedly gives WeTrade the authority to offer its trading services legally across the European Union.

According to the firm, the licence will also support the enhancement of its product offerings and client services. This includes improving its trading infrastructure and forging new partnerships within the EU market.

Expect ongoing updates as this story evolves.

Source: Finance Magnates