cysec
CySEC Slaps the Wrists of Two Binary Options Related Firms
- Out of a maximum limit of €350,000, the Cyprus Securities and Exchange Commission fined an unlicensed broker €8,000 and a payment processor €10,000 for "false or misleading statements" to the regulator.
Thursday, 16/01/2014 | 16:30 GMT by
Avi Mizrahi
Exclusive: FX Licensing Consultancy Launches Technology & Social Trading Solution
- FX licensing company Archer Consultants completes its quest for a turnkey solution with APIFX, a broker-neutral technology solution launched today, as well as a broker and liquidity agnostic social trading network.
Thursday, 16/01/2014 | 14:27 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 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
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
24Options and ZoneOptions Now Share CySEC Registration
- 24Options renounced its CIF license according to a CySEC announcement and now both Binary Options trading Brands are registered under Rodeler Limited, to lighten the burden on the shared owners of the brands.
Friday, 20/12/2013 | 07:35 GMT by
Avi Mizrahi
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
BVI FSC Denies 4XP’s Claims it Has Frozen Company Accounts: The Full Story
- A developing story that follows a series of warnings, after multiple people close to the company have confirmed that the company which appears to be un-regulated, is halting the processing of withdrawals.
Tuesday, 19/11/2013 | 10:24 GMT by
Steven Hatzakis
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
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
Binary Options Industry Update: Signals, Signals and Regulators
- Reviewing some of the events in the binary options industry as of late, we are seeing two trends take place; increase of trading signals and regulators taking a closer look at the industry.
Wednesday, 23/10/2013 | 17:01 GMT by
Ron Finberg
On Second Thought – Newly Minted CySec Licensed Firms Renounce Regulation
- Back in July, Forex Magnates reported that a record 17 firms had been granted financial licenses by Cypriot securities regulator, CySec. We are now seeing that some of these firms are beginning to rethink these plans.
Thursday, 17/10/2013 | 08:28 GMT by
Ron Finberg
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
Indonesian Monex Investindo Futures Launch UK Licensed Brokerage
- Indonesian based Monex Investido Futures announced today the launch of London based Monex Capital Markets. Licensed by the FCA, Monex Capital becomes the Indonesian firm’s move into the EU and international markets,
Wednesday, 09/10/2013 | 06:58 GMT by
Ron Finberg
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
Liquid Market Partners with Delman SA, as EU Brokers Embrace Regulated Asset Managers
- Liquid Markets has announced that they have partnered with Swiss licensed asset manager, Delman SA. Under terms of the partnership, Liquid Markets will offer clients access to regulated asset management services.
Thursday, 12/09/2013 | 16:43 GMT by
Ron Finberg
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
August Forex Industry Review: Month of MetaQuotes
- MetaQuotes led the headlines during August as it announced broker partnerships and the upcoming release of new products and initiatives. Elsewhere, CySec made headlines with a proposed rule that was ultimately shelved.
Monday, 02/09/2013 | 12:23 GMT by
Ron Finberg
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