ZenFinex Secures FSA Seychelles License

Fazzaco learned that FCA licensed FX and CFDs broker Zenfinex has obtained regulatory license under the Seychelles Financial Services Authority (FSA) as part of its global strategy for expansion.

Zenfinex is a globally recognized brokerage headquartered in Mayfair, London. Nick Cooke founded the company in 2017 which is regulated by the FCA. The client base has grown rapidly, now spanning Europe, Asia, Australasia, South America and Africa.

Zenfinex has been committed to its strategy for expansion and growth. Its decision to secure FSA license comes from a desire to ensure broader regulatory supervision in new markets. In addition, the broker is seeking approval from Dubai Financial Services Authority (DFSA), but that has not been granted yet.

"Our focus has been expanding into multiple regions throughout 2021 in preparation for a global approach with multiple global licenses,"said Nick Cooke, ZenFinex's Founder and a Board Member."In 2022, we will be operational in Asia, Africa, GCC, LATAM and the UK with local offices in 8 countries strategically chosen to service each region and language."

"Our FCA headquarters remain in London, while we also have offices opening in Colombia, Vietnam and the UAE relatively soon,"Cooke added.

Earlier last month, Zenfinex has hired Michel Chabbouh as the company's CEO MENA. In his new position, Chabbouh will head the company's UAE based operations.