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Inforex Africa
Uganda
2012 (13 Years)
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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 Inforex Africa
Company Information
Get to know Inforex Africa
Inforex Africa is an online platform that creates a network for foreign exchange service providers. With the Inforex software system, forex bureaus will be able to view each other’s forex rates and buy and sell currencies amongst each other easily. Inforex creates a system for institutions that allows them to view changes in forex rates between forex bureaus in real time. It enables institutions to get information and reminders from central bank superiors about the forex market and cash inflow submissions. The platform also has a messaging feature that makes communication easier for institutions using the application. Each forex bureau is provided with a profile section where they can update their location and contact details. Inforex Africa was founded in 2012 and is based in Kampala, Africa.
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- Financial Other ServicePRIMARY
- Technology Software Development
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