Wikilix
Licence record

FSA licence SD188

Holder
VENMAR
Jurisdiction
Seychelles
Licence type
Retail Forex License
Last checked
Aug 21, 2026

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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Licence intelligence

RecordModified Sep 10, 2026

Licence Verification Record

The Seychelles Financial Services Authority SD188

Wikilix read the FSA register on Aug 21, 2026. This is what it said.

Issuing authority
The Seychelles Financial Services Authority
Jurisdiction
Seychelles
Licence type
Retail Forex License
Register status
Active on the FSA Seychelles Securities Dealer register

Checked Aug 21, 2026

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/venmar/sd188Fields on file 8 / 11

Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 3
Jurisdiction
Seychelles
Last checked
Aug 21, 2026
Register says
Active on the FSA Seychelles Securities Dealer register

Finding

A Securities Dealer licence from the Seychelles Financial Services Authority, the offshore regulator for the non-bank financial sector. It permits dealing in securities and derivatives, and we confirmed Ven Mar Limited on the FSA's own Securities Dealer register with the website www.venmarltd.com recorded against it. It is genuine supervision, but it is low-tier: capital, conduct and client-money requirements are far lighter than in the UK or Australia, and there is no investor compensation scheme. Client protection: Low. No investor compensation scheme and limited practical recourse if client money is not returned..

Exhibit

Register screenshot, captured Aug 21, 2026
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
SD188
Licence type (Wikilix classification)
Retail Forex License
Register status
Active on the FSA Seychelles Securities Dealer register
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 VENMAR applies it.
The holder

Who holds this licence

The licence above is recorded against VENMAR. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Ven Mar Limited
Based in
Seychelles
Wikilix score
20.3the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Ven Mar LimitedSeychelles
  • VEN MAR LLCUnited States · Reg. 61658598 · Dec 3, 2023
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.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
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

Put a withdrawal request in writing to support@venmarltd.com immediately, stating the amount and your account details, and keep a dated copy of everything you send along with records of your original deposits. If the request is not met, complain to the Seychelles Financial Services Authority, naming licence number SD188 and the licensee VEN MAR LLC. If you funded by card or bank transfer, ask your bank about a chargeback or recall promptly, because those routes are time-limited. Do not pay anyone who contacts you offering to recover the funds for an upfront fee.

The contact details on record are the phone number +248 250 4628 and the email address support@venmarltd.com. Note that the email domain is the same one whose web server is failing, so message delivery may be affected. No live chat, support portal or social media channel is confirmed.

Not by any compensation scheme. The Seychelles regime provides no investor compensation fund, no deposit guarantee and no client-money insurance, so if the firm became insolvent you would be an ordinary creditor pursuing a claim in an offshore jurisdiction. Only deposit what you can afford to lose entirely.

We cannot say. VENMAR publishes no reachable list of restricted or accepted jurisdictions, and its signup form cannot be opened, so there is no way to establish which countries it onboards. Absence of a published restriction is not the same as acceptance. Treat your eligibility as unknown.

Around 150 instruments are described, spanning foreign exchange, US equities, commodities and energy. We could not verify the instrument list, the individual symbols or the counts against the broker's own published specifications.

Since 2023. The entity named on the licence was incorporated on 3 December 2023, giving the operation roughly two and a half years of history as of this review. That is short: a broker has not yet been tested through a full market cycle or a period of stress at that age, and there is no long record of paying clients out.

We cannot tell you, and that is the problem. No deposit or withdrawal method, fee, processing time or limit is confirmed for this broker, because the funding pages are not reachable. Never send money to a broker whose withdrawal terms you have not been able to read.

Two. Standard is the entry tier, from 30 USD with a 0.01 lot minimum trade size. Professional is aimed at more experienced traders, from 100 USD with a 0.1 lot minimum. Both are quoted at up to 1:500 leverage with no per-trade commission, so the cost sits in the spread. No demo account and no swap-free or Islamic account is on record.

None is confirmed. There is no trading platform on record for this broker, and because the website does not load we could not verify any platform, server name or download link. For a retail broker this is a material gap: the platform is the product, and we cannot show that a working one exists.

Up to 1:500 on both the Standard and Professional accounts. Leverage at that level is permitted by the Seychelles regime but is several times what onshore regulators in the UK, the EU or Australia allow retail clients. It magnifies losses as much as gains, and at 1:500 a market move of a fraction of a percent against a fully sized position can erase the margin behind it.

30 USD on the Standard account and 100 USD on the Professional account. Both figures are the values on record for this broker rather than terms we could confirm against the broker's own published pricing, because those pages are not currently reachable.

Two entities appear behind the brand. The company name given for the business is Ven Mar Limited in the Seychelles, at Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe. The entity named as holder of the Seychelles licence is VEN MAR LLC, recorded as an Oregon, United States limited liability company, number 61658598, incorporated on 3 December 2023. We could not confirm either entity on an official corporate register during this review.

Requests to venmarltd.com are answered with an invalid SSL certificate error generated at the origin server. We tried the root domain, the version without the www prefix, plain HTTP and the language-prefixed path, and every one failed the same way. This is a broken server certificate rather than a block on automated visitors, so a human visitor sees the same error. Until it is fixed, no part of the site is readable.

There is no evidence of fraud, and the licence is real rather than fabricated. But VENMAR cannot presently be recommended: its website returns an invalid SSL certificate error from its own origin server and serves no content at all, so the terms, funding policy, legal documents and client portal cannot be reached. A broker you cannot open, read or log into is unusable regardless of whether it intended harm. Our view is high risk and unverified rather than confirmed fraud.

Yes, but offshore only. VENMAR operates under a Derivatives Trading License (EP) from the Seychelles Financial Services Authority, licence number SD188, held by the entity VEN MAR LLC. The licence appears to be in force. It is an offshore, light-touch authorisation and carries no client-money compensation scheme, no deposit guarantee and no negative-balance protection requirement, so it is not comparable to authorisation from a tier-one regulator.

Licence SD188 was issued by The Seychelles Financial Services Authority (FSA), the financial authority for Seychelles.
VENMAR holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
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.
This page links straight to the FSA register. Search it for SD188, and for the name VENMAR rather than the trading brand.
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