Wikilix
Licence record

FSA licence SD116

Holder
GEMFOREX
Jurisdiction
Seychelles
Licence type
Dealing in securities

This is Wikilix's record of a licence issued by The Seychelles Financial Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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RecordModified Sep 7, 2026

Licence Verification Record

The Seychelles Financial Services Authority SD116

Recorded from the firm's own disclosure. Not yet checked against the register.

Issuing authority
The Seychelles Financial Services Authority
Holder
GEMFOREX LIMITED
Jurisdiction
Seychelles
Licence type
Dealing in securities

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/the-seychelles-financial-services-authority/gemforex/sd116Fields on file 2 / 11

Open GEMFOREXAbout FSA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 3
Jurisdiction
Seychelles
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SD116
Licence type (Wikilix classification)
Dealing in securities
The authority

About FSA

The Seychelles Financial Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Seychelles.

Full name
The Seychelles Financial Services Authority
Jurisdiction
Seychelles
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2013
Oversight
A government or statutory body
Firms we track under it
143 firms
Regulates
Stocks, Fund
Licences it issues
Securities Dealer – Principal & Agency
Typical cost of a licence
USD 10000-20000
Public register
Searchable by the public
Transparency
Low

FSA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSA's own rules for the firms it authorises.

  • No compensation scheme
  • Complaints routeFSA Enquiries
  • Maximum leverage1:1000
This describes the authority's regime, not how GEMFOREX applies it.
The holder

Who holds this licence

The licence above is recorded against GEMFOREX. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
GEMFOREX LIMITED
Based in
Seychelles
Wikilix score
33.0the firm’s overall score, not a rating of this licence
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
GEMFOREX operates in most countries worldwide but prohibits clients from North Korea and other UN-sanctioned countries. This restriction aligns with the regulatory requirements of the Seychelles Financial Services Authority.
GEMFOREX supports multiple funding methods including Bank Credit Card, Wire Transfer, AstroPay, Instant Bank Transfer, Bitcoin, Ethereum, PayPal, PerfectMoney, and MegaTransfer. Processing times vary from instant to a few business days depending on the method, and non-USD deposits are automatically converted.
The minimum deposit amount at GEMFOREX is 50 USD. Deposits via methods like Bank Credit Card, AstroPay, and Instant Bank Transfer are processed instantly and typically have no deposit fees. Wire transfers take 3-5 business days and may incur intermediary bank fees.
GEMFOREX offers the MetaTrader 4 and MetaTrader 5 trading platforms. Both platforms are available for desktop and web trader use, providing access to Forex, stocks, and futures trading with advanced charting and algorithmic tools.
GEMFOREX LIMITED is regulated by the Seychelles Financial Services Authority (FSA) under license number SD116. The FSA is an offshore regulator, and GEMFOREX operates under a Securities Dealer license.
Licence SD116 was issued by The Seychelles Financial Services Authority (FSA), the financial authority for Seychelles.
GEMFOREX holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the FSA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates FSA tier 3. Supervision is lighter-touch and client protections vary.
Yes, FSA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
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