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Brazil
2017 (9 Years)
Last online: No recent activity
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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.
Get to know UseFGTS
Company Information
Get to know UseFGTS
UseFGTS is a digital financial services platform operating in Brazil as a banking correspondent for partner institutions like QI Sociedade de Crédito Direto S.A. and Banco C6 Consignado S.A. The company's core business is facilitating loans by allowing Brazilian workers to use their future FGTS "Saque-Aniversário" (Birthday Withdrawal) entitlements as collateral. The process is entirely online, aiming to provide quick and accessible credit to individuals without the need for traditional credit checks, leveraging their government-managed severance indemnity fund.
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