Up Way Group, announced that it has registered as a Financial Service Provider (FSP) in New Zealand. The FSP license adds to Up Way’s existing global regulatory jurisdictions, such as BVI, SVG, Dubai, Hong Kong and Malaysia.
According to broker, the news is part of the firm’s global expansion where it is aiming to be viewed beyond just being another broker. Back in July 2021, when asked by our partners, Up Way made reference to it being a global broker by stating “Up Way, which keeps all client and own funds outside of the country is a much safer trading counterparty than a small local broker (often unregulated) based in a perceived “safer” jurisdiction. As a result, existing and future clients do not care if their brokers are based in local cities but whether it is a large, reputable, well-regulated firm that holds client funds with reputable investment grade international banks.”
