FXView: A Closer Look at Its Licenses

FXVIEW is a brokerage firm that offers online trading services to clients around the world. It holds licences from regulators in Cyprus, South Africa, and previously in the United Kingdom. While some of these licences are still active, others have been revoked or have raised concerns. Traders should carefully check the status of each licence before deciding to open an account.

FXVIEW is licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 367/18. This is its main and most reliable licence. CySEC is the financial regulator of Cyprus and a recognised authority within the European Union.

The licence held by FXVIEW is a Straight Through Processing (STP) type, which means that trades are sent directly to the market without interference from the broker. This licence is currently active and marked as “Regulated”, showing that FXVIEW is meeting the requirements set by CySEC.

For traders in the EU or EEA, this licence offers a level of protection and transparency.

FXVIEW was once listed with the Financial Conduct Authority (FCA) in the United Kingdom, under licence number 850138. However, this licence has now been revoked. The FCA is known for its strict rules and is considered one of the most respected regulators in the world.

The revoked status could be linked to changes caused by Brexit, as many brokers had to adjust their regulatory structures after the UK left the European Union. Still, a revoked licence is a warning sign. It means the broker is no longer authorised by the FCA to offer services in the UK. UK traders, or anyone relying on FCA regulation, should take extra care.

FXVIEW is also listed with the Financial Sector Conduct Authority (FSCA) in South Africa under licence number 50410. The FSCA is responsible for making sure financial companies in South Africa follow the rules.

However, FXVIEWs licence status with the FSCA is marked as “Exceeded”, which means the broker might be doing more than what the licence allows. This could create risks for traders, especially if something goes wrong and the FSCA cannot provide full protection.

Licences are one of the most important things to look at when choosing a broker. But its not enough to just see that a licence exists, as you also need to check if it is active and what it allows the broker to do.

Platforms like WikiFX help traders by checking licences and looking at whether brokers follow rules in the countries where they operate. In FXVIEWs case, the CySEC licence is active, but the FCA licence is revoked, and the FSCA licence has issues with scope. This mixed status should make traders think carefully before moving forward.

Understanding a brokers true regulatory standing can help prevent problems later. Always take time to verify the facts before sending any funds or placing trades.