Maxiflex allegedly violated rules relating to prevention of use of client funds, others.
CySEC suspended Maxiflex's license completely in October 2021.

Monday, 06/03/2023 | 16:46 GMT by Solomon Oladipupo

Retail FX

CySEC Withdraws Magnum FX’s CIF License after “Voluntary Renunciation”

Magnum FX was licensed by CySEC in June 2018.
The broker operates four different websites.

Tuesday, 14/02/2023 | 15:00 GMT by Solomon Oladipupo

Retail FX

Inveza Capital Ltd "Expressly Renounces" CySEC License

The broker suspended its operations in September last year.
The company itself decided to give up its license.

Tuesday, 14/02/2023 | 12:36 GMT by Damian Chmiel

Retail FX

CySEC Warns against Licensed Broker Clone

IMS Crypto uses the CIF license number of IMS Markets.
The latter is CySEC's authorized investment firm, the first is just a clone.

Thursday, 09/02/2023 | 13:41 GMT by Damian Chmiel

Brokers

CySEC Withdraws License of FX/CFDs Brokerage Operator F1Markets

F1Markets settled with CySEC last year, paying €150,000.
The broker’s license was previously suspended for compliance violations.

Thursday, 09/02/2023 | 09:05 GMT by Arnab Shome

Retail FX

CySEC Withdraws License of TradoCenter and Toro Invest Operator

The company voluntarily renounced its CIF license.
The platforms stopped offering services on 7 August 2022.

Thursday, 02/02/2023 | 09:52 GMT by Arnab Shome

Retail FX

CySEC Finds 31% of Retail Investors Rely on Finfluencers

The regulator conducted a study to learn about retail investor behavior.
Twenty-two percent of investors made their decisions based on promotions and endorsements.

Wednesday, 25/01/2023 | 11:22 GMT by Arnab Shome

Retail FX

CySEC Warns against 5 Unregulated FX/CFDs Platforms

Four websites are still operating and offering trading services.
The regulator recently warned against other fraudsters and rogue platforms.

Wednesday, 25/01/2023 | 09:32 GMT by Damian Chmiel

FinTech

CySEC Investment Managers’ AUM Drops 7.2% to €9.9 Billion in Q3 2022

CySEC attributed the decrease to devaluation of assets and other factors.
Investment managers regulated by CySEC increased to 303 during Q3 2022.

Monday, 23/01/2023 | 15:37 GMT by Solomon Oladipupo

CryptoCurrency

European Central Bank Exec Wants Unbacked Crypto Treated as Gambling

Panetta says unbacked crypto is “a gamble disguised as an investment asset."
CySEC's Chairman also decried the speculative nature of crypto last October.

Thursday, 05/01/2023 | 14:35 GMT by Solomon Oladipupo

FinTech

ESMA Unveils New Logo, Plans New Website Launch

The EU financial regulator has started adopting the new logo.
ESMA said its new website will be launched later this month.

Tuesday, 03/01/2023 | 13:08 GMT by Solomon Oladipupo

CryptoCurrency

CySEC Extends FTX EU’s CIF License Suspension to March 2023

Japan extended the suspension of FTX Japan to March 9, 2023.
Australia's regulator's suspension stands until May 15, 2023.

Thursday, 22/12/2022 | 23:03 GMT by Solomon Oladipupo

Executive Moves

CySEC's Dr Theocharides Becomes Chair of ESMA's Risk Standing Committee

The RSC is the successor of the Committee for Economic and Markets Analysis.
ESMA named the Chair of several other standing committees as well.

Wednesday, 21/12/2022 | 08:44 GMT by Arnab Shome

Retail FX

CySEC Reaches New €100k Settlement with BCM Begin Capital Markets

BCM Begin paid a €170k settlement to CySEC over six months ago.
Both settlements are for possible violations of the same rules.

Friday, 16/12/2022 | 16:40 GMT by Solomon Oladipupo

Retail FX

CySEC Alerts against 5 Illegal FX/CFDs Trading Platforms

One of the platforms is even falsely claiming to have a CySEC license.
The regulator recently warned against fraudsters impersonating the regulatory website.

Thursday, 08/12/2022 | 08:47 GMT by Arnab Shome

Retail FX

Swissquote Gains CySEC License to Boost European Operations

The broker will launch services under the new license next year.
It also holds more than half-a-dozen other regulatory licenses.

Wednesday, 07/12/2022 | 12:09 GMT by Arnab Shome

FinTech

CySEC Adjusts Rules on Investment Services Provision in Third Countries

The new rules are based on the regulator's Board meeting held last Thursday.
The new stipulations displace the rules issued in February 2018.

Tuesday, 29/11/2022 | 17:23 GMT by Solomon Oladipupo

Institutional FX

CySEC Warns against Impersonating Officers, Fake Websites

The regulator detected five new rogue websites.
CySEC issued a similar warning in April.

Tuesday, 22/11/2022 | 19:48 GMT by Solomon Oladipupo

Regulation

CySEC Settles with ROInvesting's Operator Royal Forex for €120K

There were possible lapses in compliance between July 2020 and October 2021.
The company has already voluntarily renounced its CIF license.

Thursday, 17/11/2022 | 11:44 GMT by Arnab Shome

Op-ed

Retail FX

Op-ed

2022, a Year of Tightening Marketing Regulations for Retail Brokers

The COVID-19 pandemic saw a significant rise in online investments and digital crimes
Several countries have tightened their financial advertising regulations to protect the public

Wednesday, 16/11/2022 | 09:43 GMT by Jonathan Elkin

Retail FX

Equiti Group Opens Cyprus Office One Month after Getting CySEC License

The new office is Equiti Group's 10th local office across the world.
The license was granted to Equiti Global Markets Limited in October.

Monday, 14/11/2022 | 20:16 GMT by Solomon Oladipupo

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