Sheer Markets has obtained a regulatory license from the Labuan Financial Services Authority (LFSA), allowing it to expand its services to traders worldwide. While the broker is already regulated by the Cyprus Securities and Exchange Commission (CySEC) for traders within the European Union, this move opens doors for traders in Asia, Latin America, Oceania, and Africa.
Labuan Financial Services Authority
The LFSA aims to ensure its licensees follow strict rules and guidelines to protect retail traders. Labuan, a free trade zone within Malaysia, was established in 1996 to develop the special economic zone into a center for business and financial services.
Howard Carr, CEO of Sheer Markets, stated, “It is with great excitement that we take this major step into introducing the global community to NDFs and our array of over 1900 CFD trading instruments.”
About Sheer Markets
Sheer Markets offers one of the industry’s largest selections of assets with over 1,900 CFDs covering forex, commodities, indices, and cryptocurrencies, as well as a range of NDFs. Previously restricted to European traders, their products are now available to traders outside the jurisdiction. The broker provides access to one of the most well-known trading platforms, MetaTrader 5.