Wetrade: A Closer Look at Its Licenses

When selecting a broker, understanding its regulatory standing is an important part of assessing overall reliability. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about Wetrade and its licenses.

Wetrade operates under a multi-jurisdiction licensing model that combines European, Asia-Pacific, and offshore permissions. According to WikiFX, the brokers current WikiScore is 8.14/10, reflecting an aggregate view of regulatory status, platform features, risk controls, and operational factors.

View WikiFXs full review on WeTrade here: https://www.wikifx.com/en/dealer/0001554333.html

In the European Union, Wetrade holds authorisation from the Cyprus Securities and Exchange Commission (CySEC). Under licence number 453/25, it is approved as a Market Maker. CySEC is the statutory supervisor for investment services firms in Cyprus and, through EU rules, imposes standards around investor disclosure, conduct of business, and capital adequacy. This licence typically supports cross-border servicing within the EEA, subject to local requirements.

In Australia, Wetrade is supervised by the Australian Securities and Investments Commission (ASIC) under licence number 544624. The permission is listed as an Institutional Forex Licence. ASIC focuses on market integrity, governance, and consumer outcomes, and sets obligations covering financial resource requirements, compliance systems, and dispute resolution.

In Malaysias Labuan International Business and Financial Centre, Wetrade is authorised by Labuan FSA under licence MB/22/0100 as a Straight Through Processing (STP) provider. Labuan FSA licenses and monitors entities operating within the IBFC framework, which is designed for cross-border financial services and requires adherence to prudential and conduct standards specific to the jurisdiction.

Wetrade is also registered in Saint Vincent and the Grenadines with the Financial Services Authority under company number 25198 IBC 2018. This entry indicates business registration within the IBC regime. Market participants generally distinguish such corporate registrations from onshore investment supervision; firms typically rely on their primary regulatory licences elsewhere for client protection rules and market conduct oversight.

Overall, Wetrades structure spans a CySEC market-making permission in the EU, an ASIC institutional authorisation in Australia, an STP licence in Labuan, and an IBC registration in Saint Vincent and the Grenadines. Clients should consider which entity they contract with, the applicable local protections, and any differences in product scope or client categorisation. As with any multi-entity broker, fee schedules, leverage limits, compensation schemes, and dispute pathways may vary by jurisdiction. Reviewing the terms and disclosures of the relevant licensed entity before opening an account remains a practical step for aligning expectations on service, safeguards, and recourse.

Conducting due diligence before investing is crucial, and independent verification tools such as WikiFX can be instrumental in assessing the legitimacy of brokers and investment firms. The WikiFX mobile application, available on Google Play and the App Store, provides comprehensive insights into brokers regulatory status, customer reviews, and safety ratings. By leveraging such resources, investors can make informed decisions and avoid the financial devastation caused by fraudulent schemes.