According to an announcement by the Cyprus Securities and Exchange Commission (CySEC ), the license of the company behind binary options brokerage EZTrader, WGM Services Ltd., has been restored. The regulator made the decision during its meeting on December 22nd, 2014, highlighting that the company is now in full compliance with the Cyprus Investment Firm (CIF) regulations. Previously, CySEC stated that the company had violated a number of rules including safety of client funds and capital adequacy requirements, while having large exposures. After the due diligence process conducted by EZTrader, the concerns of the regulator have been fully addressed. The company has recently released its new mobile app for Android devices, with the expectations for an iOS addition to be available in the near future.
According to an announcement by the Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision ), the license of the company behind binary options brokerage EZTrader, WGM Services Ltd., has been restored. The regulator made the decision during its meeting on December 22nd, 2014, highlighting that the company is now in full compliance with the Cyprus Investment Firm (CIF) regulations. Previously, CySEC stated that the company had violated a number of rules including safety of client funds and capital adequacy requirements, while having large exposures. After the due diligence process conducted by EZTrader, the concerns of the regulator have been fully addressed. The company has recently released its new mobile app for Android devices, with the expectations for an iOS addition to be available in the near future.