CYPRUS

London used to be the main FX/CFD trading hub in the European Union.

UK companies can operate in the country till December 31, 2021.

Most recently, the compliance firm concluded its second agreement with the Cyprus Securities and Exchange Commission.

48 percent of the European brokers are licensed in Cyprus.

The broker is still running its European platforms with its FCA license.

The German authority found violations of the product intervention measures in 49% of all CFD providers.

The broker is largely offering its services in the Russian market.

Both the companies were flagged in June for non-compliance.

The FCA-regulated broker has acquired AMB Prime as part of its expansion plans in Europe.

The new licence is part of the company’s expansion plans in Europe, as well as its Brexit plan.

Victor Zachariades will be leading the new entity as the Director.

Haris Stavrinides, Chief Executive Officer of Emporium Capital for his take on the pandemic and its impact on Cyprus.

Both the firms were suspended in Cyprus upon request of the FCA.

The move aims to create a new-generation, one-stop solution for traders and investors

FXCubic will provide the firm with its proprietary liquidity aggregation and price management systems

The industry veteran and entrepreneur re-joins the Cyprus-based financial services firm this month

With this year’s ‘Back to Basics’ theme, the show will focus on the power of networking.

Nahas was most recently working for IMS Markets.

Ivan Egorov has also been appointed to the head of sales role.

This is the third promotion for Siar this year.

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