FSSSouth KoreaTier 2Licence number
549300R8VJDW3X6CD250
View licence record- Licence holder
- Held by TrueFriend
- Licence type and regime
- Financial Service
Not checkedUpdated
At a glance
Regulation on record for TrueFriend
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 7
- Issuing authorities
- 6
- From tier-1 or tier-2 authorities
- 6
- Found on an official register
- 0
TrueFriend has 7 licences on record with Wikilix, issued by 6 authorities across 6 jurisdictions. 6 of them were issued by tier-1 or tier-2 authorities — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Licence record
Licences by jurisdiction
Every licence on record for TrueFriend, grouped by the 6 jurisdictions it is registered in.
7 records
South Korea2 licences
All South Korea licences- FSSSouth KoreaTier 2
- FSSSouth KoreaTier 2
Licence number
No number recorded
View licence record- Licence holder
- Held by TrueFriend
- Licence type and regime
- Dealing in securities
Not checkedUpdated
Singapore1 licence
All Singapore licences
Hong Kong1 licence
All Hong Kong licences
United Kingdom1 licence
All United Kingdom licences
United States1 licence
All United States licences
Indonesia1 licence
All Indonesia licences
Protection
What this licence protects
MAS's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Complaints routeFIDReC
- Maximum leverage1:20
Frequently Asked Questions
Questions about the licences held by TrueFriend
Answered from the register entries on this page.
Most Popular Questions
TrueFriend provides customer support in English with live chat available during business hours. Clients can also contact support via phone at +82 1588-1251 or email at truefriend@koreainvestment.com. The broker's support is based in South Korea.
TrueFriend offers a maximum leverage of 1 for trading. This is relatively low compared to some other brokers, reflecting a conservative approach to leverage.
Yes, TrueFriend charges a deposit usage fee on client funds held in their accounts. The fee is 1% for deposits over 500,000 KRW and 0.1% for deposits under 500,000 KRW, calculated on the average daily balance. This fee applies to funds held in the account, not to individual transactions.
TrueFriend supports deposits and withdrawals via bank transfer. Clients must use their registered bank accounts, as transfers from third-party accounts may be rejected. The minimum deposit and withdrawal amounts are 100,000 KRW, and there are no fees for deposits or withdrawals via bank transfer.
TrueFriend, operated by KOREA INVESTMENT & SECURITIES CO. LTD, is regulated by multiple onshore authorities including South Korea's Financial Supervisory Service (FSS). It follows strict fund segregation rules but does not have mandatory client fund insurance. The broker is prohibited from serving clients in countries such as the USA, North Korea, and Iran.
TrueFriend has 7 licence records with Wikilix, issued by 6 authorities across 6 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
TrueFriend holds licence records issued by MAS, SFC, FCA, FINRA, FSS, FSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
6 of the licence records held by TrueFriend come from tier-1 or tier-2 authorities (4 tier-1, 2 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 7 licence records held by TrueFriend has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
TrueFriend has licence records in South Korea, Singapore, Hong Kong, United Kingdom, United States, Indonesia. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.