Following a comprehensive review, the Mwali International Services Authority decided to grant XFINE a licence for international brokerage activity – the International Brokerage and Clearing House Licence No. BFX2025147. The issuance of this licence confirms that the regulator has officially recognised XFINE’s compliance with the established requirements for international brokers, including standards of corporate governance, financial stability, internal control, and compliance.
This licence authorises XFINE to officially provide brokerage and clearing services to clients from various jurisdictions within the applicable regulatory framework and in line with international financial market standards. It also serves as a solid foundation for the company’s further business expansion and long-term development.
Regulation by the Mwali International Services Authority involves comprehensive supervision of licensed financial companies. The regulator oversees the business structure, sources of capital, corporate governance, internal risk management procedures, as well as compliance with anti-money laundering and counter-terrorist financing requirements (AML/CFT). To obtain the licence, a company must demonstrate transparency of its operating model and the availability of sufficient resources to ensure sustainable operations.
The regulatory framework of the Mwali International Services Authority combines the flexibility required for international business with clearly defined requirements for licensed market participants. Particular attention is paid to the protection of client interests. Licensed brokers are required to implement proper order execution procedures, ensure the segregation of client and company funds, and maintain a high level of reporting. This creates a transparent and controlled environment in which traders and investors can rely on predictable operating rules and a responsible approach from the broker.
It is important to note that the International Brokerage and Clearing House Licence covers not only brokerage operations but also clearing functions. This means that XFINE is authorised to provide the full transaction processing cycle – from the acceptance and execution of trading orders to the calculation of obligations, position accounting, and final financial settlement. The presence of clearing authority makes it possible to build a more stable and controlled trading infrastructure, reduce operational and settlement risks, and ensure transparent and predictable trading conditions for clients within a regulated operating model.
