Proven strength! Magic Compass has ten years of service and seven high-value licenses
2024-08-22
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Magic Compass has once again set a new record on the road to compliance in the global financial market. As an award-winning financial technology company, Magic Compass has successfully obtained seven authoritative regulatory licenses on the occasion of its 10th anniversary of serving global users, becoming one of the few companies in the industry to hold multiple licenses. This achievement not only consolidates Magic Compass's position in the industry, but also demonstrates its firm commitment to integrity and transparent operations in the global financial market.
The financial industry has always been centered on supervision and risk control, and "licensed operation" is the basic principle of the industry. The issuance of financial licenses and market access around the world are extremely strict, and obtaining certain regulatory licenses is like climbing a mountain for brokers. This not only tests the comprehensive strength of the company, but also is a comprehensive assessment of its long-term and stable development potential.
As a global outstanding service provider, Magic Compass has successfully obtained 7 authoritative financial licenses including CySEC in Cyprus, FSC in Mauritius, FSA in Seychelles, SFC in Hong Kong Securities and Futures, etc. Whether in terms of the number of licenses or the value of the licenses, Magic Compass has demonstrated outstanding strength among its peers.
Magic Compass global 7 major financial licenses and regulatory numbers at a glance:
Lithuanian Financial Crime Investigation Bureau (FCIS: License No.306008359)
Mauritius Financial Services Commission (FSC: License No.GB23201764)
Seychelles Financial Services Authority (FSA: License No. SD184)
Hong Kong Securities and Futures Commission (SFC: License No. AXT242)
Cyprus Securities and Exchange Commission (CySEC: License No. 299/16)
Hong Kong Insurance Authority (IA: License No.FB1629)
Hong Kong Gold and Silver Exchange (License No. 217)
The acquisition of these seven top global financial licenses is the result of Magic Compass's long-term adherence to global market layout and careful cultivation of regional markets. From Europe to Asia, and then to the Middle East, each license represents Magic Compass's deep understanding and compliance with local laws and investor protection regulations. These licenses are not only a symbol of Magic Compass's global business territory, but also the company's firm commitment to integrity, transparency and responsibility.
Holding multiple licenses will undoubtedly enhance Magic Compass' competitiveness in the global financial services sector and lay a solid foundation for it to expand into new markets and introduce more innovative products and services. This not only reflects the company's strength and compliance operation capabilities, but also reflects the market's high recognition of it and the broad support of global investors. In the future, based on compliance and licensing, Magic Compass will continue to improve its product and service levels and pursue higher compliance standards to better protect customer interests and create more value for investors.
