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Verso

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South Africa

Founded in

2000 (25 Years)

Founded

Last online: No recent activity


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1.67

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Security Information

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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.

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    Company Information

    Get to know Verso

    Verso Financial Services provides comprehensive employee benefits consulting and retirement fund administration services that incorporate best practice principles and prudent retirement fund management. Verso Group of Companies is a group of privately held companies based in the financial services sector that has a national footprint. Verso Financial Services, the Group's founding company, is a Registered Financial Services Provider, approved and regulated by the Financial Sector Conduct Authority. Verso Financial Services was established in June 2000 as a pension/retirement fund administration company and soon involved in independent employee benefit consulting services.

    Industry

    • Financial InsurancePRIMARY
    • Financial Other Service
    • Financial Payment

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