Pelican Exchange Europe (CY) Ltd

Pelican Exchange Europe (CY) Ltd is a Cyprus-registered company operating under the official domain pelicaneu.com. It is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a CIF licence holder, with licence number 441/24, and is authorised to provide investment services under the Investment Law L. 87(I)/2017. The company was incorporated in Cyprus, with its registered address at 50, Agias Zonis, ARIANTHI COURT, Floor 2, 3090, Limassol.

Pelican positions itself as a provider of white-label copy trading solutions for brokers, rather than a direct retail broker. Its website describes a platform that allows traders to connect their CFD or FX trading accounts, identify and copy expert traders (signals), and even become strategy providers themselves. The company also offers a 'Pelican Network' that enables brokers to launch their own copy trading white label, tapping into a global network of traders.

Pelican Exchange Europe (CY) Ltd is regulated by CySEC, the financial regulatory authority of Cyprus, under a CIF (Cyprus Investment Firm) licence. The licence number is 441/24, and the status is listed as Authorised. This licence permits the firm to provide investment services within the EU under the MiFID II framework, covering both retail and wholesale (professional) clients.

We cross-checked the licence against the public register, and it is active. The company's registration number is HE 426432, and it was established in 2024. While the licence is valid, it is relatively new, and the firm's operational history is short. Traders should verify the licence status directly with CySEC before engaging.

Pelican's core offering is a copy trading platform, which it provides as a white-label solution to other brokers. The platform allows end-users to copy the trades of experienced traders, known as signal providers. It supports multi-asset trading, connecting to various execution systems via APIs, including MetaTrader and other major platforms. The service is designed to be integrated with minimal resources, with a build time of one to two weeks.

For brokers, Pelican offers a turnkey solution that includes technology, content, legal, regulation, and support. For individual traders, the platform provides access to a network of signal providers, with tools to browse performance, risk, and trading history before copying. The website also mentions features such as drawdown limits, subscriptions, and performance fees, which are typical of copy trading services.

Pelican appears to target two distinct audiences. The primary audience is brokerage firms seeking to offer copy trading to their clients without developing the technology in-house. The white-label model allows these brokers to maintain their brand while leveraging Pelican's platform. The secondary audience is retail traders who use the platforms of Pelican's partner brokers to copy the strategies of experienced traders.

The website's language, such as 'Join the Pelican Family Network' and 'We work with the best brokers in the world', suggests a B2B focus. However, the availability of user journeys and legal documents for copiers indicates that end-users are also considered. This dual focus is common in the fintech space, where technology providers also cater to the end-users of their partners.

As with any CFD and copy trading service, there are significant risks. The website prominently displays a risk warning: 'CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.' It advises traders to consider whether they understand how CFDs work and whether they can afford the high risk of losing money. This warning is standard for regulated brokers and reflects the inherent risks of leveraged trading.

Pelican is a regulated entity, but its short operating history and the complexity of copy trading arrangements warrant caution. Traders should ensure they fully understand the terms, including fee structures, drawdown limits, and the risks of copying other traders. Independent research and due diligence are essential before committing funds.

Pelican Exchange Europe (CY) Ltd is part of a broader group that includes Pelican Exchange Limited and London & Eastern LLP, both based in London. The group's documents reference an FCA-authorised entity, but the Cyprus entity is the one regulated by CySEC. The company was incorporated in 2024, making it a relatively new entrant to the market.

Despite its newness, the company has established a presence with a professional website and a network of partner brokers. However, there are no independent user reviews available, and the company's reputation is not yet established. This lack of public feedback is a consideration for potential users, who may prefer to see a longer track record.

Pelican Exchange Europe (CY) Ltd is a Cyprus-regulated provider of white-label copy trading solutions. It offers a platform that enables brokers to offer copy trading to their clients, with a focus on technology and regulatory compliance. The company is authorised by CySEC, which provides a level of oversight and investor protection.

For traders, the main appeal is the ability to copy successful traders through a regulated platform. However, the short operating history and the inherent risks of CFD trading mean that caution is advised. As with any investment, potential users should conduct thorough research and consider seeking independent financial advice.