CySEC Withdrew License of Broker Operator Hoch Capital
- It operates brands like itrader and tradeATF.
- It settled with CySEC earlier for multiple possible instances of non-compliance.

The regulatory decision for the license withdrawal was taken on 28 March 2022. It further added that it was Hoch Capital’s decision to renounce its Cyprus Invest Firm (CIF) license.
Hoch Capital operates trading brands like itrader.com and tradeATF.com. Their offerings include forex and contracts for differences (CFDs) of the popular asset classes.
A Controversial Broker
But, Hoch Capital remains controversial for multiple allegations of non-compliance with mandatory regulatory requirements. The company settled with CySEC in December 2020, paying a fine of €260,000, for multiple possible compliance
Compliance
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
Read this Term violations, including conflicts of interest and information provided to clients.
In addition, the Cypriot supervisor briefly suspended the license of Hoch Capital and a few other brokerage operators in June 2020 as they were caught up in promoting their products in the United Kingdom. The FCA flagged them for using fake celebrity endorsements for their products on social media.
Moreover, Hoch faced regulatory troubles in Italy. Additionally, the local regulator, CONSOB, banned its brokerage brand, tradeatf.com, for non-compliance and even blocked its access in the country.
Cyprus is one of the favorite jurisdictions for financial services firms to establish their bases. The low regulatory entry barrier of the island makes it a perfect jurisdiction for Europe-bound companies to make it their base.
But now, CySEC has become extremely vigilant and is actively flagging and taking action against any violations. Earlier this year, the regulator withdrew the CIF licenses of Maxigrid and PMT Matrix Capital as well as fined a few other companies.
The Cypriot supervisor even issued a warning to all regulated firms against the attempts of using their platforms to circumvent sanctions by Russian individuals and entities.
The regulatory decision for the license withdrawal was taken on 28 March 2022. It further added that it was Hoch Capital’s decision to renounce its Cyprus Invest Firm (CIF) license.
Hoch Capital operates trading brands like itrader.com and tradeATF.com. Their offerings include forex and contracts for differences (CFDs) of the popular asset classes.
A Controversial Broker
But, Hoch Capital remains controversial for multiple allegations of non-compliance with mandatory regulatory requirements. The company settled with CySEC in December 2020, paying a fine of €260,000, for multiple possible compliance
Compliance
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
Read this Term violations, including conflicts of interest and information provided to clients.
In addition, the Cypriot supervisor briefly suspended the license of Hoch Capital and a few other brokerage operators in June 2020 as they were caught up in promoting their products in the United Kingdom. The FCA flagged them for using fake celebrity endorsements for their products on social media.
Moreover, Hoch faced regulatory troubles in Italy. Additionally, the local regulator, CONSOB, banned its brokerage brand, tradeatf.com, for non-compliance and even blocked its access in the country.
Cyprus is one of the favorite jurisdictions for financial services firms to establish their bases. The low regulatory entry barrier of the island makes it a perfect jurisdiction for Europe-bound companies to make it their base.
But now, CySEC has become extremely vigilant and is actively flagging and taking action against any violations. Earlier this year, the regulator withdrew the CIF licenses of Maxigrid and PMT Matrix Capital as well as fined a few other companies.
The Cypriot supervisor even issued a warning to all regulated firms against the attempts of using their platforms to circumvent sanctions by Russian individuals and entities.