Trade Set Go Receives Seychelles Licence

Trade Set Go, a CFD brokerage unit backed by the founders of The5ers, has received a new licence in Seychelles and has started a soft launch under the new entity.

The licence adds an offshore regulatory structure to the brokers existing Cyprus setup. According to the company, the Seychelles entity was built from the ground up and has already begun onboarding clients.

Seychelles licence adds an offshore entity

The new Seychelles licence gives Trade Set Go a second regulatory base outside Europe.

The broker already has a Cyprus-linked structure, which supports access to the European market. The Seychelles entity is expected to be used for clients from markets outside the European bloc, especially regions where offshore brokerage structures are commonly used.

The company said the Seychelles approval process took more than a year and a half, from the initial application to final regulatory clearance.

Cyprus structure remains part of the group

Trade Set Gos Cyprus business is currently registered under the acronym TSG. The company has said it plans to start the approval process with the Cyprus regulator to align the corporate name with the wider Trade Set Go brand.

Although the new offshore business is registered in Seychelles, the groups main base will remain in Cyprus. The Seychelles office will handle local operational matters.

The group currently has two offices and a team of around 10 employees.

Brokerage and prop trading kept separate

Trade Set Go is backed by the founders of The5ers, but the brokerage and prop trading businesses are being positioned as separate operations.

This separation matters because the two models serve different purposes. A prop trading firm usually offers evaluation or funded-account programmes, while a CFD broker provides market access through trading accounts and execution infrastructure.

The move also reflects a broader industry pattern. In recent years, more broker groups have launched prop trading brands, while some prop firms have moved in the opposite direction by adding brokerage entities or seeking brokerage licences.

A broader shift between prop firms and brokers

The line between prop trading firms and CFD brokers has become less fixed.

Some brokers use prop trading as a way to reach active retail traders, while some prop firms look at brokerage licences as a route to build more direct trading infrastructure. However, holding a brokerage licence does not automatically mean a company is actively offering a full brokerage service in every market.

For Trade Set Go, the latest update is specific: the brand has added a Seychelles-licensed entity and started a soft launch, while its Cyprus structure remains part of the wider group setup.

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