According to information obtained by Forex Magnates’ reporters, the latest binary options platform to hold a Cyprus Investment Firm license with the Cyrus Securities and Exchange Commission (CySEC) is Hello Markets.
The firm applied for licensing earlier this year through its Cyprus incorporated subsidiary, 1 Financial Rod LTD, and received authorization earlier this year. As it turns out, the company has been one of the many clients of Map S Platis – a Cyprus-based consultancy behind the successful applications of half of the 22 licenses issued by CySEC between May and October this year.
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Last month, social trading platform Myfxbook announced that it had obtained CySEC regulation. The license which the company obtained from the Cypriot financial regulator included “portfolio management” and “reception and transmission of orders,” which are both prerequisites for the firm to be able to provide its social trading services.