LQD Markets Officially No Longer Authorised by Cyprus Watchdog

The Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) officially announced today that on July 31, 2014, the FX broker LQD Markets Ltd, renounced its authorization to provide investment services and related activities. The CySEC investment firm's license number for LQD has therefore expired since the start of August 2014.

Two months ago, LQD Markets informed its clients that the Cypriot entity will stop functioning in July and that they must migrate their accounts to the British Financial Conduct Authority (FCA) regulated entity, LQD Markets UK. As the firm did not explain its decision to abandon CySEC authorization, and an FCA license is more expensive to receive and maintain, one can only speculate the reasons for the move.

Both licences allow working with clients from across Europe as part of the MiFID "passporting" agreement, but an FCA license carries a bigger brand value which is important for a broker who wishes to focus on attracting English-speaking clients, or with possible M&A action in the UK market. LQD has also run into problems with CySEC in the past when the watchdog fined the firm €80,000 for allegedly offering investment services through third parties without CySEC authorization.

It should be noted by investors, that in accordance with the securities law in Cyprus, LQD Markets Ltd will remain under the supervision of the commission until it settles all its obligations arising from the investment services and activities that happened in the past.