Sheer Markets Expands to Global Markets with New License

CySEC licensed FX broker Sheer Markets yesterday announced that it has achieved another milestone by launching operations covering the LATAM, Africa, Asia and Oceania traders and investors.

The company stated in the press release that "At Sheer Markets, we believe that regulation is the only thing assuring clients that their broker of choice is above all legitimate and ensures that their investment is enjoyable. Based on this philosophy we have been regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2020 and we are registered with the majority of the EU competent authorities to freely provide our services within EU. We are now taking this new step forward with an LFSA licence to facilitate the overwhelming interest we have received from non-EU traders and expand into LATAM, Africa, Asia and Oceania."

Sheer Markets added that its mission has always been to introduce a new range of institutional products to retail traders worldwide. In addition to their traditional CFDs on FX, Equities, Indices, Commodities and Cryptocurrencies offering, they make NDFs & EMFX trading possible for retail traders, effectively allowing them to enter an untapped market with new investment potential, trading currencies like the Brazilian Real, Indian Rupee, and Korean Won.

Sheer Markets CEO, Howard Carr, commented: "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. As the economies of emerging markets develop further, demand for EMFX and NDFs from existing and new traders have only been widening and accelerating, accompanied by an expansion in liquidity and increased turnover. We are happy to be among the first financial institutions to redefine the industry and present traders and investors with new opportunities."

In early June, Sheer Markets launched Non-Deliverable Forwards (NDFs) and Emerging Market FX (EMFX). In early November, Centroid Solutions announced that it has collaborated with Sheer Markets to drive access to Non-Deliverable Forward (NDF) liquidity​.