Business
Focus on transparency: The importance of broker regulation

Why choosing a regulated retail broker is crucial for a secure and transparent trading experience
Choosing a broker to open an account with is similar to purchasing a new car. The decision-making and thought processes are roughly the same. Ultimately, traders and car buyers are looking for similar things: a reliable, trusted, and secure product that can facilitate their needs.
With this in mind, a car buyer would be reluctant to put their faith in a disreputable or untrustworthy brand, and the same logic applies to trading firms. In this case, traders globally favor fully licensed and regulated brokers, but why is this important? Let’s explore this matter further by examining whether users should care if a company is licensed or not.
The importance of regulation for traders
When classifying a broker as regulated or unregulated, the main difference lies in the oversight and compliance with legal and financial standards required by governmental or independent authorities.
A regulated broker is licensed to operate within a specific jurisdiction or from a country with a mutual regulatory agreement. This ensures that a broker adheres to predefined rules, laws, and protection measures for traders and investors.
By holding these licenses, traders are reassured that a recognized regulator monitors their broker’s activities, ensuring they follow fair trading practices and legal procedures.
A key aspect of regulated brokers is the protection of client funds. Regulators often require brokers to use segregated accounts, keeping clients’ money separate from operational funds to prevent misuse. This ensures traders can access their funds even if the broker faces financial difficulties. Additionally, regulated brokers must provide transparent reporting, ensuring financial statements and operations comply with industry standards.
Beyond fund protection, regulated brokers must follow strict pricing, trade execution, and conflict prevention rules. Market manipulation and deceptive practices are prohibited, ensuring that traders are treated fairly. Should any issues arise, traders can seek resolution through the regulator, offering them an added layer of security and peace of mind.
Taking trading to the next level with Exness
Exness has been at the forefront of innovation, leading the industry with better-than-market trading conditions. For over 15 years, the broker has provided clients with full transparency in terms of pricing and execution.

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Furthermore, Exness offers a range of cutting-edge trading features and proprietary protections to give traders the strategic tools they deserve. Client data is always secure, with the company offering industry-leading security protocols so traders can focus on trading. Some of Exness’ key risk management features include:
Negative Balance Protection
Stop Out Protection
Instant withdrawals*
Fast order execution
Segregated accounts
Fee transparency
Customizable leverage
A multi-regulated global broker
Exness’s multiple regulatory licenses support its status as a globally trusted broker. Founded in 2008, it has established a solid reputation within the online trading community as an innovative and reliable firm.
It was the first brokerage of its kind to offer traders seamless withdrawals** and Stop Out Protection, while it continues to push the boundaries of what is possible in the world of trading to this day. Licensed and regulated by several of the world’s leading governing bodies, Exness is a leader in its field, as demonstrated by the licenses listed below:
Seychelles Financial Services Authority (FSA)
Cyprus Securities and Exchange Commission (CySEC)*
The UK Financial Conduct Authority (FCA)*
South Africa Financial Sector Conduct Authority (FSCA)
Central Bank of Curacao and Sint Maarten (CBCS)
Financial Services Commission (FSC) in the British Virgin Islands
Financial Services Commission (FSC) in Mauritius
Capital Markets Authority (CMA) in Kenya
Jordan Securities Commission (JSC)
By holding a wide range of trading licenses spanning various countries and continents, Exness complies with international financial laws and standards, providing a secure trading environment for all clients.
As a forward-thinking broker, Exness constantly seeks new ways to better serve traders. Whether through better-than-market conditions, tight and stable spreads***, or high, custom leverage, Exness strives to give traders the strategic advantage they deserve.
Note: Exness (Cy) Ltd and Exness (UK) Ltd do not offer trading services to retail clients. At Exness, 98% of withdrawals are processed instantly (under 1 minute). Once funds leave Exness’ custody, processing times vary depending on the chosen payment provider. Spreads may fluctuate and widen due to factors including market volatility and liquidity, news releases, economic events, when markets open or close, and the type of instruments being traded.
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Business
Platnova Celebrates 2 Years of Redefining Financial Access Across Africa and the Diaspora

Platnova, one of Nigeria’s fastest-growing fintech platforms, is proudly celebrating its second anniversary — marking two years of innovation, customer-centric growth, and global impact.
Since its launch in 2023, Platnova has remained committed to its mission of providing Africans, both on the continent and in the diaspora, with access to global financial services. Since its launch in 2023, Platnova has remained committed to its mission of providing Africans. In just two years, the platform has evolved into a dynamic lifestyle finance ecosystem, serving users in over 13 countries and evolved into a dynamic lifestyle finance ecosystem, helping them transact, connect, and thrive.
From day one, we wanted to create more than just a money transfer app. We wanted to build a financial lifestyle brand — one that bridges the gap to global financial services and provides these services with the utmost ease and seamlessness, said Benjamin Oyemolan, CEO of Platnova.
Recognized as the Fastest fastest-growing fintech startup in Nigeria, Platnova has proven its ability to scale quickly while staying deeply connected to user needs, especially in a region where infrastructure, regulation, and currency volatility present ongoing challenges.
Redefining Financial Access with Everyday Solutions
At the heart of Platnova’s success is its powerful multi-currency capability, which allows users to send and receive money in over 13 different currencies across 50+ countries. This feature has empowered individuals, freelancers, families, and business owners to break down financial borders, transact in real-time, and access global opportunities from anywhere.
A standout product in Platnova’s offering is Vault — an innovative savings feature that allows users to grow their funds in four major currencies: Dollars, Euros, Pounds, and Naira. Vault is the first of its kind in the market to offer a unified multi-currency savings experience with an exceptional 15.5% ROI across all currencies.
This has given users the ability to build wealth intentionally while hedging against local currency volatility.
Platnova also provides virtual cards for smooth and secure global payments, enabling users to shop internationally, pay for subscriptions, and manage recurring expenses with ease. For users who prefer physical payment tools, Platnova’s physical debit cards are more than just for spending — they support budgeting and savings, helping users track expenses and control spending while still offering global access.
But Platnova didn’t stop at payments. It also delivers lifestyle convenience through a wide range of in-app services, including flight bookings, hotel reservations, restaurant deals, and international experiences, making it a one-stop platform for both financial management and lifestyle planning. Users now rely on Platnova not just for transactions, but for travel, relaxation, and everyday convenience.

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Most recently, the company launched its highly anticipated USD Account, allowing users in Africa to receive, hold, and send USD instantly. With this feature, Platnova has introduced one of the fastest and most seamless dollar payment solutions available in the market today. It has already transformed how individuals, freelancers, remote workers, and digital entrepreneurs across the continent manage cross-border income.
Celebrating Recognition and Global Accolades
Over the last year, Platnova’s bold innovations and user-focused strategy have been recognized across the tech and fintech industry. The company was awarded the Most Innovative Fintech of the Year and won the regional finals at the Tech Unite Africa Startup World Cup, going on to emerge as second runner-up globally at the Startup World Cup Grand Finale in San Francisco.
These honors reflect not just the platform’s impact but also the growing global relevance of African-led financial innovation.
Platnova’s user base and platform activity have grown exponentially over the past months. The app has surpassed 100,000 downloads, with over 90,000 verified users actively transacting across its suite of features. In 2024 alone, Platnova participated in over 10 prominent fintech and tech events and sponsored high-impact innovation initiatives, further cementing its place as one of the fastest-growing fintech startups in Nigeria and Africa.
A New Space for a New Chapter
Another significant milestone for Platnova is its new corporate office— a dynamic, future-ready space designed to inspire innovation, collaboration, and community. The office launch was held in tandem with the 2nd anniversary campaign, symbolizing the brand’s growth and its readiness for the next phase of expansion.
To mark the occasion, Platnova hosted a lively in-house celebration at its new office with its team, stakeholders, and community members, including its most active users, top referrers, loyal customers, and a few notable celebrities and influencers who have supported the brand’s journey. The event was not just a party but a heartfelt thank-you to those who helped shape the Platnova story.
To commemorate the anniversary, Platnova launched a 10-day campaign from April 21 to May 1, designed to celebrate its community and reward users through fun, impactful activities. The campaign’s highlight was the 10-day Zero Transfer offer, where all users could send money for free — a symbolic gesture of appreciation from the brand to its growing community.
What’s Next for Platnova?
Platnova’s third year will focus on expanding globally, deepening lifestyle partnerships, and launching new features based on user feedback. The platform plans to integrate even more global services, improve user onboarding and transaction speed, and strengthen security across all digital touchpoints.
Above all, Platnova’s team remains deeply grateful to its users — the students, freelancers, families, creators, and small businesses that have made this journey worthwhile. Every transaction, referral, story, and review has helped Platnova evolve into what it is today.
We built Platnova for the people — and it’s the people who made it work. Thank you for trusting us, growing with us, and choosing us every day, said Benjamin Oyemolan, Platnova’s CEO.
About Platnova
Platnova is a global financial lifestyle platform built to help Africans at home and in the diaspora move money, manage finances, and access global services with ease. With support for 13+ currencies and operations in over 50 countries, Platnova offers multi-currency wallets, virtual cards, lifestyle bookings, crypto tools, bill payments, and more — all from one simple and secure app.
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