Thursday, August 11 2022

The Labuan license opens the doors to an expanded customer base around the world, as the company offers NDFs and EMFXs to customers in Latin America, Africa, Asia and Oceania.

Sheer Markets has acquired an LFSA license from the Malaysian Federal Territory of Labuan in order to meet demand from non-European traders and expand into LATAM, Africa, Asia and Oceania.

The broker was founded with the mission of bringing a new line of institutional products to retail traders around the world. The new entity is an important step but not a surprise.

In addition to offering CFDs on forex, stocks, indices, commodities and cryptocurrencies, Sheer Markets is making a name for its NDF and EMFX trading for retail traders, an untapped market with a new investment potential.

Sheer Markets has been regulated by CySEC since 2020 and is registered with the majority of competent authorities in the EU to freely provide their services within the European Union.

The Labuan license opens the doors to a wider clientele from all over the world because the firm will be able to accept clients from Latin America, Africa, Asia and Oceania.

Howard Carr, CEO of Sheer Markets, commented, “It is with great excitement that we take this major step by introducing the global community to NDFs and our range of over 1900 CFD trading instruments.

“As emerging market economies develop further, demand for EMFX and NDF from existing and new traders has only widened and accelerated, accompanied by expanding liquidity and an increase in turnover. We are pleased to be among the first financial institutions to redefine the industry and present new opportunities to traders and investors. “

The broker offers a diverse range of products with over 1900 CFD instruments that can be traded on the most popular platforms in the industry.

Customers have access to dedicated account managers, trading tools, research, multilingual customer support, and timely payments, the company said.

Sheer Markets is an innovator in the trading industry as it pioneered the live streaming of NDFs for retail traders through the MetaTrader 5 trading platform.

The broker recently launched its MT5 WebTrader as a complement to its platform toolkit for its traders.

Suitable for holders of demo and live trading accounts, the MT5 WebTrader includes both the desktop version of the MT4 and MT5 trading platforms on Windows and Mac, as well as the mobile MT5 version for Android and iOS users, accessible in over 40 languages.

The announcement follows the launch of NDF CFDs and EM currencies earlier this month. Sheer Markets caters to both retail traders and corporate clients. While retail traders can invest and trade directly with Sheer Markets, institutional clients can benefit from Sheer Markets’ CFD and NDF liquidity provision.

Earlier in June, Sheer Markets launched Undeliverable Futures (NDF) and Emerging Market FX (EMFX) as the company continues its mission to introduce a new product line to retail FX.

Founded in 2020, Sheer Markets is the pioneer of NDF live streaming for retail traders, which until now were largely inaccessible to traders and investors online through the MetaTrader 4 and MetaTrader 5 trading platforms.


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