The Financial Services Commission

Year 2001Regulated by Government

The Financial Services Commission, Mauritius (the 'FSC') is the integrated regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012 to license, regulate, monitor and supervise the conduct of business activities in these sectors.

Disclose broker

Danger Unauthorized

WeTrade

Disclosure summary

Disclosure matching Name matching
Disclosure time 2023-01-12
Reason for punishment The entity under this name is not and has not, at any point in time, been licensed and regulated by the FSC.

Disclosure details

INVESTOR ALERT: WeTrade

INVESTOR ALERT: WeTrade It has come to the attention of the Financial Services Commission, Mauritius (FSC) that an entity by the name of WeTrade is FALSELY claiming to be regulated by the FSC and is making FRAUDULENT use of the licence number of a licensed entity on its website to portray itself as being licensed. The FSC hereby informs the public that WeTrade and/or any other individuals or representatives or promoter groups operating under this name are not and have not, at any point in time, been licensed and regulated by the FSC. The members of the public are therefore urged to exercise caution in their dealings with WeTrade and any other individuals and/or entities claiming to be allegedly licensed/authorised/registered by the FSC. Consumers of financial services are further encouraged to consult the Register of Licensees available on the FSC website for persons/entities duly licensed/authorised/registered under the relevant Acts on the following link: https://www.fscmauritius.org/en/beingsupervised/register-of-licensees and/or to contact the FSC for more clarifications on fscmauritius@intnet.mu. 12 January 2023

Annex