Cyprus is dealing with ongoing wildfire flare-ups in the Limassol district following a large blaze that began near the village of Malia on Wednesday afternoon and spread rapidly, challenging early containment efforts.

Several CFD brokers have stepped in to support communities affected by the recent wildfires in Cyprus, providing financial aid and essential supplies to those in need.

XM Allocates €5 Million in Aid

XM has committed €5 million to aid areas and residents impacted by the disaster. The funds will support both immediate frontline needs and long-term recovery, guided by documented assessments in coordination with local authorities to ensure effective and transparent use of resources, the company said on Thursday.

IC Markets EU and Partners Launch Relief Measures

IC Markets EU, in partnership with AEL Limassol, has launched a campaign to collect essential goods for affected families. The broker has also teamed up with Cowin to set up a digital fundraising platform, enabling individuals and organizations across Cyprus to contribute financially.

Tickmill Opens Supply Collection Point

Tickmill has opened a donation drop-off point at its office in Mesa Geitonia, Limassol. The company is collecting food, bottled water, hygiene products, baby supplies, clothing, towels, and first aid items to support those in need.

You may find it interesting at FinanceMagnates.com: California Wildfire Crisis: Fintech Companies Offer Support.

Scope Markets Owner Commits €100K to Wildfire Relief

Rostro Group and its Rostro Foundation have pledged €100,000 to support wildfire relief efforts in Cyprus, the company announced on Monday, July 28. The financial services firm, which has operated Scope Markets in Cyprus since 2014, also released employees from work to volunteer with environmental and community organizations.

“Cyprus is more than just the home of our operations, it is the home of so many of our people,” Constantinos Shakallis, CEO of Scope Markets Cyprus, said. “This is deeply personal for us, as many of our colleagues, friends and families live in the affected areas. In times like these, it is essential that we stand by our local communities. Supporting this cause is not just the right thing to do, it is the necessary thing to do.”

Spotware Organizes Donation Drive

Spotware has joined the list of companies supporting wildfire relief efforts by organizing a donation drive in Limassol for those affected. The campaign focused on collecting essential items such as food, clothing, footwear, water, hygiene products, and basic electronics.

“As wildfires left many families in Cyprus without homes or basic necessities, our Spotware team responded immediately - with heartfelt empathy and a determination to help,” said Margarita Mikhailiuk, HR Director at Spotware.

FxPro Office Nearer Wildfires but Safe

FxPro’s office in Ypsonas is geographically closer to the wildfire zone than most CFD firms, which are mainly based in central Limassol. However, as FinanceMagnates.com learned, FxPro remains safe, and there is no indication that its premises are under any immediate threat.

Fatalities, Evacuations, and Ongoing Risk

Two bodies were discovered in a burned vehicle associated with a missing woman; DNA testing is underway. Evacuations took place in Koilani, Omodos, and Troodos campsites, while Mandria remains on alert.

Seven individuals are hospitalized, including burn victims. First aid centers have been established in Erimi and Pachna. The fire has so far affected more than 120 square kilometers, destroying 32 homes and damaging 21 others.

The article has been updated to include information about Scope Markets and Spotware’s involvement in supporting wildfire victims in Cyprus.