ICM.com, a globally recognized financial technology firm, has successfully obtained a regulatory license from the Financial Services Authority (FSA) in Seychelles. This milestone expands the firm’s regulated jurisdictions to seven, joining an elite group that includes the UK FCA, Abu Dhabi FSRA, Mauritius FSC, South Africa FSA, and Switzerland ARIF.
Why Seychelles?
The strategic location of Seychelles, bridging Africa, Asia, and the Middle East, is becoming a hub for brokerage operations. This new license strengthens ICM.com’s regulatory framework, allowing it to enhance its global service offerings to clients and partners.
“The newly added FSA license represents a significant milestone for the company, paving the way for our expansion into new regions and supporting our ongoing growth in Latin America and Southeast Asia,” said Shoaib Abedi, CEO of ICM.com.
Founded in 2009 in the UK, ICM.com offers access to over 5,000 trading instruments, catering to both retail and institutional clients. The firm’s global presence is bolstered by regional offices across Europe, Asia, Latin America, Africa, and the Middle East.
Investments in AI and Partnerships
ICM.com’s 2024 growth strategy emphasizes expansion in Latin America, Africa, and India. Beyond geographic growth, the firm is investing heavily in technology, particularly artificial intelligence, and entering into transformative partnerships.
One notable collaboration is with Swisspod Technologies, a leader in Hyperloop technology development. This partnership highlights ICM.com’s dedication to innovation, both in fintech and cutting-edge transportation technologies.
Seychelles Tightens Regulations on Virtual Assets
In related news, Seychelles has advanced its regulatory environment with a new law for virtual asset service providers (VASPs). This includes stringent requirements for VASPs to establish a local presence, appoint a resident director, and set up qualified operations.
These changes align with ICM.com’s mission of maintaining high regulatory standards across all jurisdictions.
Looking Ahead
As ICM.com grows its footprint, the new FSA license positions the company to scale its offerings and assure clients of its robust compliance and innovation. With plans to integrate AI-driven products and explore emerging markets, ICM.com solidifies its status as one of the most forward-thinking fintech firms globally.