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FYRST
Germany
2019 (6 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know FYRST
Company Information
Get to know FYRST
FYRST is a young team of specialists from the banking, service, and start-up environment based in Bonn and Dortmund. Together they pursue the vision of offering young and small businesses the best digital banking solution and supplementing them with smart solutions for everyday business. They put the needs of founders, self-employed, and freelancers at the center of their work and would like to give them more time for the actual business and the realization of their passion.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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