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Sokin
United Kingdom
17 Mar 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 Sokin
Company Information
Get to know Sokin
Sokin is a global financial service provider that enables consumers and modern businesses to make international payments and remittances whenever they want, wherever they are. In 2021, Sokin launched its consumer app, becoming the first global payments platform to adopt a subscription-model for international money transfers. Unlike other well-known brands who charge a fee per transaction of between 5% and 7%, Sokin’s global multi-currency account enables modern businesses and consumers to spend, send, hold and receive money to over 200 countries and territories in 38 different currencies. Offering low-cost currency exchange rates as an alternative to the traditional international payments system, which is notorious for being exclusionary and complicated, Sokin believes in giving you the power to exchange payments and transfer money as many times as you want per month without hidden fees or extra charges. Whether you regularly send money home to support family living and education costs, make regular international payments for Enterprise, or you are an online merchant that relies on cross-border e-commerce to transact with customers worldwide, Sokin has got you covered. • Sokin Personal • Sokin Enterprise • Sokin Pay Sokin: Global Payments. Fixed Fee. Commission Free. Hassle Free
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- Financial Other ServicePRIMARY
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