VCG Markets has secured a licence from the Seychelles Financial Services Authority as the Dubai-based broker accelerates its expansion into emerging markets. The development comes shortly after the firm launched its mobile trading app in 2024 and adds to existing authorisations in Mauritius and the UAE. Under newly appointed CEO Brian Myers, VCG is targeting growth in Kenya, Lebanon and South-East Asia, betting that traders in these regions demand superior execution and technology rather than simplified products.
The timing coincides with Seychelles implementing stricter capital requirements and enhanced compliance protocols, signalling the jurisdiction’s shift toward international anti-money laundering standards. The regulator recently signed a supervisory cooperation agreement with Malta’s FSA. VCG has not disclosed specific leverage limits or product details under the new licence. The broker is simultaneously investing heavily in artificial intelligence for risk management and client analytics, aligning with broader industry trends as platform providers integrate AI capabilities.
FXnCO Insight
VCG’s multi-jurisdictional licensing strategy positions the broker to capture retail flow from underserved emerging markets while regulatory arbitrage windows in offshore jurisdictions gradually narrow.
Source: Finance Magnates