Pakistan 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.
Entity
A-Conversio Capital Ltd
No local licensing here
Which company you actually sign with in Pakistan, and whose licence that is.
the company you looked up
Cyprus Securities and Exchange Commission · 215/13
another company under the same brand
Financial Services Authority (Seychelles) · no number published
Check it yourself:https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37717/
Pakistan 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.
TF Global Markets (Europe) Ltd (ex A-Conversio Capital Ltd)
licensed by Cyprus Securities and Exchange Commission · 215/13
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.
248 rows · good 2026-09-29 · tried 2026-09-29
327 rows · good 2026-09-29 · tried 2026-09-29