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ICF

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Retail FX

CySEC Revokes ICF Membership of Brokerages Trilt and RMG Holdings

  • Trilt and RMG's licenses were withdrawn last month and in April 2022, respectively.
  • ICF compensation is open to clients of both firms covered before the termination.
by Solomon Oladipupo
Executives

Elie Aoun, CFI Cyprus’ CEO, Joins CySEC’s ICF Admin Committee

  • Aoun has been a CEO at CFI Cyprus for over 10 years now.
  • ICF offers protection to clients of Cyprus Investment Firms.
by Solomon Oladipupo
Retail FX

CySEC Crosses Three Brokers off the Investor Compensation Fund

  • Companies had previously surrendered their CIF licenses.
  • The clients still have the opportunity to apply for potential compensation.
by Damian Chmiel
Retail FX

CySEC Revokes ICF Membership of MPS, Finteractive and Two Others

  • The CIF licenses of these companies were withdrawn earlier this year.
  • ICF provides deposit protection of up to €‎20,000.
by Arnab Shome
Retail FX

CySEC Asks Maxigrid Clients to Submit ICF Compensation Claims

  • Clients must submit claims before April 2023.
  • The license of the brokerage operator was canceled last February.
by Arnab Shome
Brokers

CySEC Withdraws ICF Membership of itrader Operator Hoch Capital

  • The CIF license of the company was withdrawn earlier this year.
  • ICF provides insurance of up to €20,000 to all clients of regulated financial firms.
by Arnab Shome
Brokers

CySEC Initiates Compensation under ICF for Maxigrid Clients

  • The brokerage operator lost its license in February.
  • The deposits of each client of the broker are insured for up to €20,000.
by Arnab Shome
Brokers

CySEC Withdrew ICF Membership of Daweda, LCG (Cyprus) and Felicitas

  • All of the companies lost their CIF licenses due to non-compliance.
  • Claimants from these companies will still be entitled to compensation.
by Arnab Shome
Regulation

CySEC Withdrew ICF Membership of SonaFX and Belight Capital

  • Both the companies lost their CIF license last year.
  • The regulator offered up to €20,000 deposit protection to the clients of ICF members.
by Arnab Shome
Brokers

CySEC Revokes ICF Membership of Bogofinance Capital Markets (FXJet)

  • The broker shuttered its operations last year.
by Arnab Shome
Brokers

CommexFX Clients to Tap Investor Compensation Scheme after 2 Years of Waiting

  • The license of the company was withdrawn in July 2016 after a year of withdrawal delays that started in 2015.
by Victor Golovtchenko
Regulation

Breaking: CySEC to Reform Investor Compensation Fund Rules

  • The Investor Compensation Fund in Cyprus is to get a new legislative framework following a consultation period.
by Victor Golovtchenko
Brokers

SkyFX and Capital Option Clients Closer to Recovery of Client Funds

  • The appointment of a liquidator to the parent firm of SkyFX and Capital Option is a first step towards recovering client funds.
by Victor Golovtchenko
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