Trade.com Parent LeadCapital Markets Fined 30,000 Euros by CySEC

The parent company of Trade.com, LeadCapital Markets, has been fined by 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). The firm’s penalty is related to previous violations between the end of July 2016 and July 2017.

LeadCapital Markets has been operating an office in Romania without the necessary permit for almost a year. The 30,000 euro ($36,800) fine was imposed on the company for failing to adhere to local regulatory requirements.

The CySEC states that the firm didn’t act honestly, fairly, and professionally in accordance with the best interests of its clients in Romania.

“The Company allowed the provision of services by its branch in Romania before the registration of the said branch in the public register kept by the supervisory authority of Romania, despite being aware of the relevant registration requirement,” a statement by the regulator says.

According to the Cypriot regulator, the fine is taking into account that the company has terminated the operation of its branch in Romania. LeadCapital MArketrs has not committed any similar violations in the past. The Cyprus Investment Firm has taken action and introduced changes to its management team.