cyprus
Exclusive: Easy Forex Wields The Axe As Series Of Employees Are Made Redundant
- Easy Forex has let seven members of staff go in a corporate focusing exercise, with opinions varying as to the factor which led to this decision. Was it necessity, or routine corporate streamlining?
Sunday, 19/01/2014 | 13:00 GMT by
Andrew Saks McLeod
Binary Options Crackdown BCSC Warns of RBOptions, 24Options, GOoptions and TradeRush
- After its August warning of binary options providers, urging residents in its province of the risks, the latest warning about RBOptions comes from the British Columbia Securities Commission, as a wave of warnings builds.
Saturday, 11/01/2014 | 13:58 GMT by
Steven Hatzakis
CySEC Refuses CIF License to Stardor Limited Who Runs Shortoption.com
- Cypriot financial regulator, the Cyprus Securities and Exchange Commission, has announced that Stardor Limited has been refused as a Cyprus Investment Firm due to incoherent information about the firm’s shareholder.
Friday, 10/01/2014 | 21:20 GMT by
Adil Siddiqui
CySEC Warns Investors of LBinary.com, Live Binary Ltd, Not Licensed or Regulated in Cyprus
- Following CySec's warning of Live Binary Ltd., members of Forex Magnates research team contacted LBinary.com to inquiry about their regulatory status, the answer received via their Live chat operator was quite alarming.
Friday, 10/01/2014 | 14:28 GMT by
Steven Hatzakis
Hope Of New FX Career Out Of The Window - Literally!
Wednesday, 08/01/2014 | 15:07 GMT by
Andrew Saks McLeod
iForex Pays CySEC Tiny Fine Over Advertising Related Issues, as Its EU Business Grows
- The Cyprus Securities and Exchange Commission imposes a EUR 5,000 administrative fine given to one of its CIF member firms for compliance issues as the regulator gets more efficient in its surveillance of online content.
Monday, 30/12/2013 | 10:51 GMT by
Steven Hatzakis
Trade.com Enters a Partnership with Romanian Dorinvest SA
- In a letter to clients, Cypriot regulated Safecap Investments, has announced to its Trade.com clients that it was entering a partnership with Dorinvest SA, a Romanian licensed broker, transferring their business.
Monday, 23/12/2013 | 07:46 GMT by
Ron Finberg
CySEC Quick to Suspend TBSF CedarFinance.com After One Month of Registration
- The Binary Options Broker T.B.S.F BEST STRATEGY FINANCE LIMITED, the legal entity established in the Republic of Cyprus that owns Cedar Finance, has 30 days to comply with a suspension issued today by the Cyprus Regulator.
Thursday, 19/12/2013 | 12:26 GMT by
Steven Hatzakis
HotForex Launches OptionTrade.com A Binary Options Offering Via Its CySEC License
- Regulated in Cyprus under the entity HF Markets (Europe) Ltd, and with 85 employees, the firm's CEO George Koumantaris talks with Forex Magnates about his firms latest business launch and provided exclusive data.
Tuesday, 10/12/2013 | 17:51 GMT by
Steven Hatzakis
CySec Administers €15,000 Penalty To Zoompartners For Unlicensed Binary Options
- Cypriot regulatory authority CySec has today announced that it has issued a €15,000 administrative penalty to binary options brand Zoompartners for allegedly operating without a license.
Monday, 09/12/2013 | 16:01 GMT by
Andrew Saks McLeod
Ex-Forex CFO and Compliance Consultant Joins Leverate as GM, Replacing Previous Departure
- A new addition to the company's management following the recent departure of predecessor Eyal Wagner to Safecap, Christoforos Theodosiou joins the Cyprus office to take-on key managerial responsibilities at LFS
Wednesday, 27/11/2013 | 13:05 GMT by
Steven Hatzakis
University of Nicosia to Open a Master's in Bitcoin, as the Scams Continue
- The university also petitions the government to position the Cyprus as a Bitcoin hub and now accepts tuition in the digital currency. Meanwhile, another exchange is hacked and a gaming company is fined $1M.
Thursday, 21/11/2013 | 16:58 GMT by
Avi Mizrahi
Safecap (Markets.com) Hires Eyal Wagner as CEO, as He Departs Post at Leverate CY (Cyprus)
- We have learned of a senior executive move within the Foreign Exchange industry, with a departure from a enterprise technology focused provider of brokerage solutions, to an online brokerage firm within the same region.
Friday, 15/11/2013 | 16:09 GMT by
Steven Hatzakis
CySEC Announces 12 New Licensees – All About Binary Options Brokers
- Cypriot regulator, CySec, has released the list of firms that have been granted licenses between the period of June and September. During the period, twelve new firms have been added to the list of approved CIFs.
Monday, 04/11/2013 | 13:41 GMT by
Ron Finberg
A Virtual $27 Became A Very Real $866,000: The Accidental Fortune of Kristoffer Koch
- Norwegian student Kristoffer Koch invested $27 in March 2009 to buy 5,000 Bitcoins as part of a university thesis, subsequently forgetting that he had done so. Today, Mr. Koch's tiny investment is worth $866,000.
Sunday, 03/11/2013 | 10:54 GMT by
Andrew Saks McLeod
CySEC Requests its Investment Firms to Provide Details Regarding Consolidated Structure
- The Cyprus Securities and Exchange Commission has informed Cyprus Investment Firms to complete a form by November 15 2013 as part of the regulators effort to supervise on a consolidated basis, aiding transparency.
Thursday, 24/10/2013 | 11:51 GMT by
Steven Hatzakis
Cyprus FX Firms Receive Cold Reception On Applying For Non-Cyprus Bank Accounts
- Cyprus' large retail FX industry is beginning to experience increasing difficulties when applying for bank accounts in which to hold client money.
Wednesday, 16/10/2013 | 15:58 GMT by
Andrew Saks McLeod
Spot The Difference: CySec Issues Warning Stating That Depaho FX Is Unregulated
- CySec has today issued a warning to potential investors explaining that Depaho FX is not licensed to operate in its jurisdiction, and that it is a different company to similarly-named Depaho Ltd, which is regulated.
Thursday, 10/10/2013 | 15:38 GMT by
Andrew Saks McLeod
After 4XP Receives CySec Warning - Other EU Regulators to Follow?
- Cypriot financial regulator, CySec, has issued a warning to investors about Forex Place (4XP), stating that it isn’t permitted to offer financial services in the country and has never been authorized by CySec.
Thursday, 03/10/2013 | 08:39 GMT by
Ron Finberg
Binary Options Update - Development Decisions: In-House vs External Platforms?
- To develop or not to develop? That is the question. Lionstone Investment Services has today announced that it has developed its own in-house binary options platform, to integrate with the MetaTrader 4 platform.
Tuesday, 01/10/2013 | 16:19 GMT by
Andrew Saks McLeod
The Reasons Behind CySEC's Revoking of Sama Brokers' CIF License
- Further to the revocation of Sama Brokers' CIF license by CySEC, Forex Magnates has been informed by a number of industry sources of the reasons for which CySEC took action, and that it has ceased operations.
Sunday, 22/09/2013 | 10:59 GMT by
Andrew Saks McLeod
TradeSmarter Takes Stock of Future With Offer of $3 Million in Funding
- After 3 and a half years without investment, TradeSmarter has spoken to Forex Magnates in order to detail its means of moving forward, including potential investment of $3 million from a major FX firm and new corporate direction.
Tuesday, 03/09/2013 | 10:25 GMT by
Andrew Saks McLeod
Exclusive: CySec Calling – 24option Gets Regulated
- CySec continues to prove itself as the ‘go to’ destination for binary options regulation. Following the trend, Forex Magnates has confirmed that 24option has finalized its application process and became regulated.
Thursday, 29/08/2013 | 08:06 GMT by
Ron Finberg
360 Consulting Director Costas Constantinides Assumes Senior Position At Boudica Group Following Acquisition
- FX and binary options consultancy firm 360 Consulting's Founder and Director Costas Constantinides has been elected to the board of directors of Cypriot fiduciary service provider Boudica Group.
Thursday, 08/08/2013 | 15:47 GMT by
Andrew Saks McLeod
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