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Prowexx
United Kingdom
01 Jun 2018 (7 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 Prowexx
Company Information
Get to know Prowexx
Prowexx is a London based start-up whose mission is to innovate in the International trade business sector. It helps small companies who are willing to develop a trade export strategy into the UK and assists them with the product adaptation, legal requirements, market specifics and marketing aspects. It then provides them with a personalised platform to market their products to the UK buyers. By the same token, the platform provides the buyers with an efficient way to discover new products and suppliers and to streamline their procurement process. Buyers have a free access and their details are not shared so they control the procedure. Importantly, they benefit from the partnership between Prowexx and the suppliers so they only have access to quality and "UK-ready" products.
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- Technology Software Trading PlatformPRIMARY
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