A licence from the Financial Services Commission (FSC) of Mauritius has been obtained by B2Broker, a prominent liquidity and technology supplier of solutions to the foreign exchange and financial services industries, according to the business. B2Prime Services Limited, a subsidiary of B2Broker Group of Companies, now holds an Investment Dealer licence (Full Service Dealer excluding underwriting /code SEC-2.1, Licence #C117017139) as of November 12, 2021.
Descriptive Statement of the Authorized Activity
Licenced by the Securities and Exchange Commission, B2Prime Services is authorised to act as an intermediary for customers in the execution of securities transactions on their behalf. A multi-asset Prime of Prime (PoP) liquidity provider with a focus on institutional and professional customers across all financial markets, including derivatives, is required under Mauritius rules. Derivative contracts for difference (CFDs) are the major financial products it offers customers (e.g. Forex, metals, commodities, shares, indices).
About the FSC
The Financial Services Commission of Mauritius is a financial services regulator that oversees all aspects of the financial services industry. According to its mission statement, it was established in 2001 with the goal of licencing, regulating, monitoring, and supervising corporate activities in a variety of industries in accordance with local legislation. The regulator in Mauritius is committed to the country's long-term development as a strong and competitive financial services center, with the ultimate goal of becoming a global financial hub.
The objectives of this department include the prevention and detection of crime and malpractices in order to protect members of the public who invest in non-banking financial products, as well as the preservation of the integrity and stability of Mauritius' banking system.
Information about the B2Broker Group of Companies
It is a global brand that has built a strong reputation as one of the most in-demand technology and liquidity providers for Forex and cryptocurrency brokers, cryptocurrency exchanges, and other financial services organizations in the business-to-business industry. The firm assists these businesses in empowering themselves by creating a profitable, transparent, and ethical environment for them, as well as linking them to markets in a timely and cost-effective manner.
Crypto/Forex Broker turnkey solutions, Crypto/Forex/CFD liquidity, B2Core (Trader's Room), crypto payment processing (B2BinPay), MT4/5 white label solutions, B2Trader (Matching Engine), and liquidity on over 800 trading instruments across the entire spectrum of assets are just a few of the services that B2Broker provides.
Moscow-based B2Broker has many years of operating experience and has 10 offices in eight countries throughout Russia and the surrounding regions of Europe, Asia, and the Middle East. B2Broker has received a total of seven licences to date, including those from the FCA, AEMI, the Central Bank of Russia, and the Financial Services Commission (FSC). This allows the company to serve clients in more than 50 countries, providing Forex liquidity distribution as well as a variety of other services to the Forex, cryptocurrency, and securities industries. The firm has built up a substantial customer base of well-known worldwide clients in the financial services sector, and it has ambitious aspirations to expand its global presence and visibility even further.
"We are honoured to add another illustrious licence to our growing portfolio," stated Arthur Azizov, CEO and Founder of B2Broker Group. The licence ensures the dependability and transparency of our operations in accordance with the Financial Services Commission's strict oversight, and it further reinforces our position as a leading global fintech player, according to the FSC. Regulating the financial services industry is unquestionably the most effective way to ensure the Forex and financial services industries' total legitimacy, and our latest licence acquisition means that even more clients worldwide will be able to benefit from the highest level of protection offered by one of the world's leading multi-regulated technology and liquidity providers."
B2Broker's horizons have expanded as a result of the acquisition of the latest FSC licence, allowing the firm to acquire an additional business in its ongoing drive to increase its global reach even further. Apart from this most recent licence acquisition, the firm is currently in the process of a number of further licencing applications with recognised regulatory authorities, which are expected to be finalised by the end of 2022.