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United Kingdom
17 3月 2019 (7 Years)
Last online: No recent activity
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This company is currently Unproved.
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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.
Get to know Sokin
Company Information
Get to know Sokin
Sokin was a UK-based fintech firm founded in 2019 that aimed to simplify and reduce the cost of global money transfers. Its core business model was a subscription service, offering users unlimited international transfers for a fixed monthly fee, differentiating itself from traditional providers that charge a percentage-based fee per transaction. The company was authorised as an Electronic Money Institution by the UK's Financial Conduct Authority (FCA). However, in May 2023, Sokin Ltd entered administration and ceased all trading and operations, no longer providing any regulated financial services.
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