the Philippines does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Plus500SEY Ltd
Plus500 - Plus500SEY
No local licensing here
Licences across the group
the Philippines does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
DIFFERENT legal entities trade under one brand here, on different licences. The one you sign with decides which rung you are on: the protection differs, and the licence the brand advertises on its site may not be the one you get.
Plus500 - Plus500SEY
Which company you actually sign with in the Philippines, and whose licence that is.
another company under the same brand
Cyprus Securities and Exchange Commission · 250/14
the company you looked up
Financial Services Authority (Seychelles) · no number published
Registers · last read
Check it yourselfhttps://fsaseychelles.sc/regulated-entities/capital-markets