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Retail FX
Leverate Stripped of ICF Membership and CIF Authorization by CySEC
Withdrawal of ICF membership doesn't impact clients' past compensation rights.
ICF membership was withdrawn due to revoking CIF authorization on December 4, 2023.
Monday, 22/04/2024 | 13:22 GMT
by
Tareq Sikder
Retail FX
CySEC Bans Broker Directors for 2 Years
Bugayenko and Dotsa are prohibited from exercising CIF’s management duties.
The regulator suspended the shareholder rights of Veles International's sole owner.
Wednesday, 10/04/2024 | 09:20 GMT
by
Damian Chmiel
Retail FX
CySEC Withdraws CIF Authorization from Leverate
The absence of judicial review indicates finality in CySEC's decision.
Earlier, the regulator withdrew CIF authorizations for four investment firms.
Sunday, 11/02/2024 | 10:10 GMT
by
Tareq Sikder
Retail FX
CySEC Withdraws ICF Membership from Four Brokers
Earlier in 2023, the regulator withdrew CIF licenses belonging to those companies.
Their clients can still file claims for operations before the withdrawal.
Thursday, 11/01/2024 | 10:50 GMT
by
Damian Chmiel
Retail FX
CySEC Orders RoboMarkets to Stop Giving “Branded Merchandise” to Clients
The Cypriot watchdog said the practice contradicts MiFIR rules and ESMA's directive.
The regulator recently disclosed plans to conduct on-site visits on a sample of CIFs.
Wednesday, 23/08/2023 | 12:54 GMT
by
Solomon Oladipupo
Retail FX
CySEC Takes Action on Russia-Linked Otkritie Broker
CySEC targets Otkritie Broker over Russian bank connections and bans one of its directors.
The regulatory provisions will take effect in six months.
Wednesday, 12/04/2023 | 08:06 GMT
by
Damian Chmiel
Retail FX
CySEC Crosses Three Brokers off the Investor Compensation Fund
Companies had previously surrendered their CIF licenses.
The clients still have the opportunity to apply for potential compensation.
Monday, 20/03/2023 | 10:02 GMT
by
Damian Chmiel
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Executive Moves
TheTradingPit Has Selected Petros Kalaitzis as Its New Global COO
Kalaitzis brings around 11 years of experience from the financial industry to the role.
His skills include market analysis, client relations, client experience.
Wednesday, 02/02/2022 | 12:01 GMT
by
Tom Hazan
Brokers
Exclusive: Maxiflex Ltd Voluntarily Renounces Its CIF License
The owner and operator of EuropeFX has renounced its Cyprus Investment Firm (CIF) license.
Tuesday, 09/11/2021 | 06:36 GMT
by
Bilal Jafar
Executive Moves
Petros Kalaitzis Joins NAGA Group as Its New Head of Customer Experience
NAGA Group plans to leverage Kalaitzis experience within the Forex and CFD industry in his new role.
Wednesday, 07/04/2021 | 09:58 GMT
by
Tom Hazan
Regulation
CySEC Settles with Depaho for €270,000 over Possible Compliance Lapses
This is the second time the broker has settled with the Cypriot regulator.
Tuesday, 29/09/2020 | 09:44 GMT
by
Arnab Shome
Regulation
CySEC Lifts CIF License Suspension of Opteck Parent
Centralspot Trading has had its CIF license restored after it took steps to reconcile its capital ratio and other requirements.
Tuesday, 19/11/2019 | 12:07 GMT
by
Jeff Patterson
Regulation
FXFINPRO Capital Loses Cypriot CIF License, Says CySEC
CySEC will maintain supervision over the FX broker until it has taken care of its responsibilities under the license.
Thursday, 17/01/2019 | 15:57 GMT
by
Aziz Abdel-Qader
Brokers
CySEC Officially Withdraws CIF License of B.O. Tradefinancials
TradeFinancials, which first entered the space in 2009, notified CySEC in March of its intention to renounce authorization.
Tuesday, 03/07/2018 | 14:21 GMT
by
Aziz Abdel-Qader
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Brokers
Boursotrade Regains CySEC License After 11-Month Suspension
The company was flagged for non-compliance and had its license temporarily suspended by CySEC last year.
Thursday, 22/02/2018 | 15:50 GMT
by
Aziz Abdel-Qader
Regulation
CySEC Withdraws Suspension of Gametech’s CIF License
Last week, CySEC also cancelled its suspension of the operating license of OptionRally.
Monday, 16/10/2017 | 15:20 GMT
by
Aziz Abdel-Qader
Brokers
Latvian Financial Regulator Sends a Message to Cyprus Brokers
Brokers looking to operate in Latvia are asked to open a subsidiary or use a local tied agent.
Saturday, 14/10/2017 | 06:03 GMT
by
Victor Golovtchenko
Brokers
Cyprus Regulator Caps Leverage on Crypto, Says Passporting Not Allowed
Cypriot watchdog CySEC has issued a circular to inform brokers that they can’t offer more than 1:5 leverage.
Friday, 13/10/2017 | 14:49 GMT
by
Victor Golovtchenko
Brokers
AJF Financial Services Renounces its CySEC CIF Authorization
UPADTE: a previous version of this article has incorrectly stated that AJF's license was renounced by CySEC.
Tuesday, 03/10/2017 | 13:46 GMT
by
Jeff Patterson
Brokers
CySEC Lifts XTrade’s Suspension, Reinstates License
XTrade's temporary suspension has been lifted after one month following the broker's compliance with CySEC.
Monday, 26/06/2017 | 13:28 GMT
by
Jeff Patterson
Regulation
Binary Options Operator Leadtrade Renounces CIF License
Leadtrade has voluntarily rescinded its CySEC authorization.
Monday, 19/06/2017 | 08:01 GMT
by
Jeff Patterson
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Regulation
Breaking: CySEC to Reform Investor Compensation Fund Rules
The Investor Compensation Fund in Cyprus is to get a new legislative framework following a consultation period.
Wednesday, 12/04/2017 | 12:55 GMT
by
Victor Golovtchenko
Regulation
CySEC Gives Regulated Firms 2 Weeks to Assess Prospective Brexit Impact
CySEC is urging firms to take into account the implications of the UK's exit from the EU.
Wednesday, 12/04/2017 | 09:19 GMT
by
Victor Golovtchenko
Regulation
Breaking: CySEC Outsourcing Circular Risks Many CIFs Renouncing Licenses
The latest changes from CySEC could force a number of companies to cease their operations as regulated brokers.
Monday, 06/02/2017 | 13:27 GMT
by
Victor Golovtchenko
Regulation
CySEC Further Extends CIF Licence Suspension of Best Choice FBC
CySEC further extends the licence suspension of Best Choice FBC which operates the online brokerage BCFX.com.
Tuesday, 20/12/2016 | 11:36 GMT
by
Finance Magnates Staff
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