Binary Options Operator Leadtrade Renounces CIF License

Leadtrade Ltd, the operator of multiple binary options brokerage brands, has relinquished its license authorization as a Cyprus Investment Firm (CIF), pulling out of binary options following a voluntarily business decision. 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 Read this Term originally slapped a suspension on Leadtrade over suspicions of a violation regarding lack of funds and inadequate Capital Adequacy Ratio back in late March. However, CySEC later redacted and withdrew its suspension just days later in April after asserting that Leadtrade had in fact complied with the provisions of the law, resulting in lifting of its suspension.

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According to a regulatory manifest, as of April 28, 2017 Leadtrade has receded its license. This correlated to numerous site blackouts and other cessations of trading activity across its brands. Leadtrade had provided investment services across multiple domains including the following:

• www.leadtradeltd.com
• www.topoption.com
• www.excellenceoption.com
• www.prestigeoption.com
• www.platiniumoption.com
• www.optionsclick.com

Finance Magnates has learned that the operations and trading services of several of these domains, including TopOption and Prestige Options, have been offline since May 1, 2017 – the Options Click site has been inactive for at least a few weeks. Following the announcement, Leadtrade will be required to settle all of its existing Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term within a period of three months, as well as addressing any client complaints. The group itself will remain under CySEC supervision during this time.