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Mileslife
Singapore
2015 (10 Years)
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What are the differences in regulations for each
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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 Mileslife
Company Information
Get to know Mileslife
Mileslife is a mobile payment + digital loyalty app that lets users earn up to multiple airline miles directly through their everyday lifestyle and travel spending. Mileslife creates a better ecosystem to connect airlines, merchants, banks and consumers - allowing users to earn accelerated miles from a growing list that includes 30,000 merchants to redeem flights from more than 120 airlines from 16 airline loyalty programs. Founded by Troy Liu, Mileslife first launched in China in March 2016. In June 2017, the app officially launched in Singapore, the first international market for Mileslife, followed by the recent launch in Hong Kong in August 2018.
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