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CySEC Withdraws TTCM Traders Trust Capital Markets Licence as CFD Broker Exits Voluntarily

Tuesday, 09/06/2026 | 15:53 GMT by Tareq Sikder
  • Earlier voluntary licence exits from Cyprus CFD firms included FIBO Markets and FXTM.
  • Meanwhile, the regulator mandates statistical reporting via standard submission forms from firms.
Source:CySec

The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of TTCM Traders Trust Capital Markets Ltd, a CFD broker. The firm offers leveraged trading in forex, indices, commodities, metals and shares.

The decision followed the company’s choice to renounce its authorisation. CySEC said the withdrawal was processed through a decision taken earlier this year and published today (Tuesday).

The case adds to a broader pattern of firms exiting the Cyprus Investment Firm regime through voluntary renunciations. Similar cases have included firms such as Fibo Markets, where authorisations were surrendered rather than maintained.

CySEC Removes TTCM Authorisation in Cyprus

TTCM is no longer authorised to provide investment services under the Cypriot regulatory framework. CySEC confirmed the authorisation has been formally removed and that judicial review does not apply.

In 2024, the regulator also took similar action against Forextime Ltd (FXTM), withdrawing its Cyprus Investment Firm authorisation as the broker exited the Cypriot regulatory regime.

Source: CySEC
Source: CySEC

CySEC Issues Reporting Rules for Firms

Separately, CySEC has issued reporting instructions for branches of EU investment firms operating in Cyprus, including CFD brokers, as well as crypto asset service providers registered in the country. Firms are required to submit statistical data covering the previous year through the regulator’s electronic reporting system.

Submissions must be validated through a feedback file, with errors corrected and resubmitted where necessary. CySEC warned that failure to comply may result in administrative penalties.

In addition, the regulator said it will carry out on-site inspections and desk-based reviews during 2026 as part of a wider supervisory exercise coordinated by the European Securities and Markets Authority. The reviews will focus on areas including staff remuneration, platform design, and potential conflicts of interest, to assess compliance with applicable regulatory requirements.

The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of TTCM Traders Trust Capital Markets Ltd, a CFD broker. The firm offers leveraged trading in forex, indices, commodities, metals and shares.

The decision followed the company’s choice to renounce its authorisation. CySEC said the withdrawal was processed through a decision taken earlier this year and published today (Tuesday).

The case adds to a broader pattern of firms exiting the Cyprus Investment Firm regime through voluntary renunciations. Similar cases have included firms such as Fibo Markets, where authorisations were surrendered rather than maintained.

CySEC Removes TTCM Authorisation in Cyprus

TTCM is no longer authorised to provide investment services under the Cypriot regulatory framework. CySEC confirmed the authorisation has been formally removed and that judicial review does not apply.

In 2024, the regulator also took similar action against Forextime Ltd (FXTM), withdrawing its Cyprus Investment Firm authorisation as the broker exited the Cypriot regulatory regime.

Source: CySEC
Source: CySEC

CySEC Issues Reporting Rules for Firms

Separately, CySEC has issued reporting instructions for branches of EU investment firms operating in Cyprus, including CFD brokers, as well as crypto asset service providers registered in the country. Firms are required to submit statistical data covering the previous year through the regulator’s electronic reporting system.

Submissions must be validated through a feedback file, with errors corrected and resubmitted where necessary. CySEC warned that failure to comply may result in administrative penalties.

In addition, the regulator said it will carry out on-site inspections and desk-based reviews during 2026 as part of a wider supervisory exercise coordinated by the European Securities and Markets Authority. The reviews will focus on areas including staff remuneration, platform design, and potential conflicts of interest, to assess compliance with applicable regulatory requirements.

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About the Author: Tareq Sikder
Tareq Sikder
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About the Author: Tareq Sikder
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023. At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London. Education: Honours degree Information Technology, Anfell College, London
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