Record · SW-vsmarkets-ltd
You looked up vsmarkets.comSeen from Nigeria
VSMarkets Ltd
Klips CY Ltd
Nigeria does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Last read2026-09-29
No local licensing here
Nigeria does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Tier
Regulator · held by
Licence
Supervision
Compensation
1 comparable supervision
Cyprus Securities and Exchange Commission (via ESMA register)KLIPS CY LTDdomain you looked up · 2026-09-29
213800HP6KZ9XS1D1U57
Full: capital requirements, client-money segregation, regular reporting.
A scheme exists, but it usually does not cover clients resident abroad.
2 comparable supervision
434/23
Full: capital requirements, client-money segregation, regular reporting.
A scheme exists, but it usually does not cover clients resident abroad.
Same brand, other companies
DIFFERENT legal entities trade under one brand here, on different licences. The one you sign with decides which rung you are on: the protection differs, and the licence the brand advertises on its site may not be the one you get.
Not read by us yet
Klips CY Ltd
Which company you actually sign with in Nigeria, and whose licence that is.
A
KLIPS CY LTDanother company under the same brand
Cyprus Securities and Exchange Commission (via ESMA register) · 213800HP6KZ9XS1D1U57Source
Rows
Last good read
Last attempt
Result
CY-CYSECCyprus Securities and Exchange Commission
248
2026-09-29
2026-09-29
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