The broker suspended its operations in September last year.
The company itself decided to give up its license.
The Cyprus
Securities and Exchange Commission (CySEC) has withdrawn the operating license
of Inveza Capital Ltd as the company decided to "expressly renounce it."
Though announced on Tuesday, the regulatory board finalized the decision more
than two months ago, on 5 December 2022.
CySEC Cancels Inveza
Capital Trading Authorization
According
to the register of companies operating under CySEC authorization, Inveza
Capital obtained its license (number 209/13) in August 2013. Under the license, it
provided investment services through the internet address inveza.com.
"The
Cyprus Securities and Exchange Commission announces that, on its meeting of 5th December 2022, has decided, pursuant to section 8(1)(a) of the Investment
Services and Activities and Regulated Markets Law of 2017 and section 4(7) of
Directive DI87-05, to withdraw the Cyprus Investment Firm authorisation with
Number 209/13 of Inveza Capital Ltd (LEI 21380072YOYRXZ8TKE88) ('the Company'),
due to the company's decision to expressly renounce it," CySEC wrote.
In the
past, the company went under the names NFX Capital Cy Ltd and Vinst Capital
Limited. Its operations offered investors mainly trading in stocks, bonds, ETFs
and early access to IPOs of popular companies.
Visiting
the Invez website, we see information that the company has suspended all its
operations as of 30 September 2022:
"Please
note that as of 30 September 2022 Inveza Capital Ltd (ex NFX Capital CY Ltd)
will cease all activities and, therefore, existing clients trading or have open
balances with Inveza will be required to close their account and withdraw their
remaining balance," the statement on the company's website reads.
Watch the recent iFX EXPO International 2022 Opening Keynote by CySEC Chairman.
Wave of Renunciations in
CySEC?
The Cypriot
regulator, on 5 December, decided to suspend the license of another authorized
entity, F1Markets Ltd, which also surrendered its authorization with immediate
effect. Interestingly, the decision to cancel F1Markets' and Inveza's licenses
were undertaken on the same day. However, CySEC informed about their current
status in a separate announcement with a one-week gap between each.
F1Markets
was the operator of several different FX and CFD brands, including Investous.
It had four internet domains registered with the Cypriot regulator. According
to the broker's website, it suspended its operations in May last year.
Although CySEC
licensed F1Markets, its activities were not without controversy. The UK FCA
found that the entity had promoted its services in the UK using fake celebrity
endorsements. As a result, Cyprus suspended the company's license for a month.
Then, in
August last year, the company agreed to pay β¬150,000 for several potential
breaches of the licensing regulations.
CySEC has warned
retail investors twice in recent weeks about unlicensed trading firms.
February's warning concerned the activity of an unregulated cryptocurrency
company, IMS Crypto. According to the Cypriot regulator, the entity falsely
claims to possess a CySEC trading license, using the details of the authorized
company.
An earlier
warning was published at the end of January concerning five unregulated FX
and CFD trading platforms. The illegal platforms were metexo.com,
inforexeu.com, et-fx.com, nbimarkets.com and emporiumcapital.ltd. Currently,
only the inforexeu.com website has not been responding, while the others continue to
encourage investment.
The Cyprus
Securities and Exchange Commission (CySEC) has withdrawn the operating license
of Inveza Capital Ltd as the company decided to "expressly renounce it."
Though announced on Tuesday, the regulatory board finalized the decision more
than two months ago, on 5 December 2022.
CySEC Cancels Inveza
Capital Trading Authorization
According
to the register of companies operating under CySEC authorization, Inveza
Capital obtained its license (number 209/13) in August 2013. Under the license, it
provided investment services through the internet address inveza.com.
"The
Cyprus Securities and Exchange Commission announces that, on its meeting of 5th December 2022, has decided, pursuant to section 8(1)(a) of the Investment
Services and Activities and Regulated Markets Law of 2017 and section 4(7) of
Directive DI87-05, to withdraw the Cyprus Investment Firm authorisation with
Number 209/13 of Inveza Capital Ltd (LEI 21380072YOYRXZ8TKE88) ('the Company'),
due to the company's decision to expressly renounce it," CySEC wrote.
In the
past, the company went under the names NFX Capital Cy Ltd and Vinst Capital
Limited. Its operations offered investors mainly trading in stocks, bonds, ETFs
and early access to IPOs of popular companies.
Visiting
the Invez website, we see information that the company has suspended all its
operations as of 30 September 2022:
"Please
note that as of 30 September 2022 Inveza Capital Ltd (ex NFX Capital CY Ltd)
will cease all activities and, therefore, existing clients trading or have open
balances with Inveza will be required to close their account and withdraw their
remaining balance," the statement on the company's website reads.
Watch the recent iFX EXPO International 2022 Opening Keynote by CySEC Chairman.
Wave of Renunciations in
CySEC?
The Cypriot
regulator, on 5 December, decided to suspend the license of another authorized
entity, F1Markets Ltd, which also surrendered its authorization with immediate
effect. Interestingly, the decision to cancel F1Markets' and Inveza's licenses
were undertaken on the same day. However, CySEC informed about their current
status in a separate announcement with a one-week gap between each.
F1Markets
was the operator of several different FX and CFD brands, including Investous.
It had four internet domains registered with the Cypriot regulator. According
to the broker's website, it suspended its operations in May last year.
Although CySEC
licensed F1Markets, its activities were not without controversy. The UK FCA
found that the entity had promoted its services in the UK using fake celebrity
endorsements. As a result, Cyprus suspended the company's license for a month.
Then, in
August last year, the company agreed to pay β¬150,000 for several potential
breaches of the licensing regulations.
CySEC has warned
retail investors twice in recent weeks about unlicensed trading firms.
February's warning concerned the activity of an unregulated cryptocurrency
company, IMS Crypto. According to the Cypriot regulator, the entity falsely
claims to possess a CySEC trading license, using the details of the authorized
company.
An earlier
warning was published at the end of January concerning five unregulated FX
and CFD trading platforms. The illegal platforms were metexo.com,
inforexeu.com, et-fx.com, nbimarkets.com and emporiumcapital.ltd. Currently,
only the inforexeu.com website has not been responding, while the others continue to
encourage investment.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Interactive Brokers Extends US Treasury Bond Trading Time to 22 Hours
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
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π¦ Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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π Subscribe to our YouTube channel for more!π
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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π Subscribe to our YouTube channel for more!π
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
π Subscribe to our YouTube channel for more!π
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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