Company Information

Get to know Shopika

Shopika is an online brokerage firm providing trading services to a global retail client base. The company offers access to the financial markets through CFDs, allowing users to speculate on the price movements of various asset classes including foreign exchange, cryptocurrencies, indices, and commodities. Registered in St. Vincent and the Grenadines, the firm operates a model that emphasizes accessibility with multiple account types and a proprietary or third-party trading platform. However, its registration in a jurisdiction that does not regulate forex brokerage activities is a key aspect of its operational framework.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

Software

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Shopika

Kenya

Founded in

05 11月 2017 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.