Sheer Markets acquires Labuan license to accept traders worldwide

Rick Steves

The Labuan license opens the doors to an enlarged client base from all over the world as the firm offers NDFs and EMFX to clients from Latin America, Africa, Asia, and Oceania.

Sheer Markets has acquired an LFSA license from Malaysia’s Federal Territory of Labuan in order to address demand from non-EU traders and to expand into LATAM, Africa, Asia, and Oceania.

The broker was founded with the mission to introduce a new range of institutional products to retail traders worldwide. The new entity is a milestone but not a surprise.

Besides offering CFDs on FX, Equities, Indices, Commodities and Cryptocurrencies, Sheer Markets is making a name for itself for its NDFs & EMFX trading for retail traders, an untapped market with new investment potential.

EMFX and NDFs for everyone

Sheer Markets has been regulated by the CySEC since 2020 and are registered with the majority of the EU competent authorities to freely provide their services within the European Union.

The Labuan license opens the doors to an enlarged client base from all over the world as the firm will be able to accept clients from Latin America, Africa, Asia, and Oceania.

Howard Carr, Chief Executive Officer at Sheer Markets, commented: “It is with great excitement that we take this major step into introducing the global community to NDFs and our array of over 1900 CFD trading instruments.

“As the economies of emerging markets develop further, demand for EMFX and NDFs from existing and new traders have only been widening and accelerating, accompanied by an expansion in liquidity and increased turnover. We are happy to be among the first financial institutions to redefine the industry and present traders and investors with new opportunities.”

The broker offers a varied product range with over 1900 CFD instruments that can be traded through the most popular platforms in the industry.

Clients have access to dedicated account managers, trading tools, research, multilingual customer support, and timely payments, the firm said.

Sheer Markets is a trading industry innovator as it launched live streaming of NDFs for retail traders through the MetaTrader 5 trading platform.

Trading via MetaTrader 5

The broker has recently launched their MT5 WebTrader as an addition to their platform toolkit for their traders.

Suitable for both demo and live trading account holders, the MT5 WebTrader includes both the desktop version of MT4 and MT5 trading platforms on Windows and Mac, as well as the MT5 mobile version for Android and iOS users, accessible in more than 40 languages.

The announcement follows the launch of NDF CFDs and EM currencies earlier this month. Sheer Markets caters to both retail traders but also corporate clients. While retail traders can invest and trade directly with Sheer Markets, institutional clients can benefit from Sheer Markets’ CFD and NDF liquidity provision.

Earlier in June, Sheer Markets launched Non-Deliverable Forwards (NDFs) and Emerging Market FX (EMFX) as the firm pursues the mission to introduce a new range of products in retail FX.

Founded in 2020, Sheer Markets is pioneering the live streaming of NDFs for retail traders, which until now, have been largely unavailable to online traders and investors through the MetaTrader 4 and MetaTrader 5 trading platforms.

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