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Verak
India
Oct 2020 (5 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 Verak
Company Information
Get to know Verak
Verak offers better business insurance* for MSMEs and SMEs in India. Our goal is to be the preferred business insurance brand for 1M+ MSMEs by 2027. Our platform allows business owners to: - Generate a commercial insurance quotation within minutes - Get expert guidance on selecting the policy best suited to their business - Have one-click support for endorsements, claims, and everything in between Chat with us: https://bit.ly/VerakWA *All insurance policies are offered through Insure First Insurance Brokers (License no.673)
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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