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Weeleo
France
17 Sep 2013 (12 Years)
Last online: No recent activity
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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 Weeleo
Company Information
Get to know Weeleo
Weeleo is a peer-to-peer platform that facilitates the exchange of cash currencies in person, based on the current rate and for free. It acts as a currency exchange tool that connects travelers who wants money with others who are willing to sell thus enabling them to save money. Users are required to create profiles, describing what currency they have or need. They are then match-made with potential swap candidates based on factors such as location and currency availability.
Industry
- Financial Other ServicePRIMARY
- Technology Software Development
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