LQD Markets Cyprus Set to Wrap up, Clients Informed Accounts to Be Migrated to UK Entity
The company has shared with its clients that their accounts are to be migrated to the UK FCA regulated entity
According to a company statement issued by Liquid Markets to its clients, the firm is set to migrate client accounts to the UK’s Financial Conduct Authority regulated entity, LQD Markets UK, by the 7th of July, as the Cypriot entity will stop functioning “soon after that date”.
Under the conditions of the transfer, the customers’ positions and orders will be rolled over to the UK entity along with any personal data, cash balance, trading history and client documentation. The transfer of the accounts will be implemented on Sunday, July 6, in order to avoid disruption of services to the company’s customers with login credentials remaining unchanged.
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Clients of the Cypriot entity of LQD Markets will have to agree to a new list of Terms & Conditions of LQD Markets (UK) Ltd in order to terminate their previous agreement. All clients who intend to object to the transfer of their funds to the UK entity should close all their open positions, remove their open orders and withdraw their funds from their account via the client area website https://my.lqdmarkets.com before the 4th of July.
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Is there any indication why they are leaving Cyprus?
Could this be a new trend in the FX market to move to the UK?
Is there any indication why they are leaving Cyprus?
Could this be a new trend in the FX market to move to the UK?
Yes they are leaving cyprus
Yes they are leaving cyprus
Why do brokers give such little notice before they move for clients to close out their positions or move funds?
You would think you would give people 30 days notice at least.
Why do brokers give such little notice before they move for clients to close out their positions or move funds?
You would think you would give people 30 days notice at least.
they are leaving cyprus cause they are useless
they are leaving cyprus cause they are useless
@Victor – There seems to be a trend of big brokers leaving Cyprus. Is my assumption here correct or is it exaggerated? A lot of brokers seems to be favoring the UK rather than Cyprus.
@Victor – There seems to be a trend of big brokers leaving Cyprus. Is my assumption here correct or is it exaggerated? A lot of brokers seems to be favoring the UK rather than Cyprus.