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Retail FX

CySEC Revokes CIFs of Arumpro Capital and Greenpost Trading Europe After Renouncements

  • The regulator revoked Arumpro Capital Ltd's CIF authorization on November 11, 2024.
  • Greenpost Trading Europe Ltd's CIF authorization was withdrawn by CySEC on November 4, 2024.
Tuesday, 19/11/2024 | 14:33 GMT by Tareq Sikder
Retail FX

CySEC Alerts CIFs to UKNF Restrictions on Referral and Affiliate Programmes

  • The regulator urges CIFs to comply with the UKNF's October 2023 position on referral practices.
  • The UKNF states that only investment firms or their tied agents are authorized to perform client acquisition tasks.
Tuesday, 12/11/2024 | 12:27 GMT by Tareq Sikder
Regulation

US FX/CFD Broker Relinquishes CySEC License

  • AMP Global has just announced that it is in the process of voluntarily renouncing its CIF License.
  • The decision was also confirmed by the Cypriot regulator.
Thursday, 05/09/2024 | 10:43 GMT by Damian Chmiel
Retail FX

CySEC Launches Thematic Review on CIFs Handling of Uninvested Funds

  • The review will assess how CIFs handle funds, including methods, disclosures, and compliance.
  • The regulator will send CIFs a detailed questionnaire, requiring timely responses and documentation.
Tuesday, 09/07/2024 | 09:24 GMT by Tareq Sikder
Retail FX

Leverate Stripped of ICF Membership and CIF Authorization by CySEC

  • Withdrawal of ICF membership doesn't impact clients' past compensation rights.
  • ICF membership was withdrawn due to revoking CIF authorization on December 4, 2023.
Monday, 22/04/2024 | 13:22 GMT by Tareq Sikder
Retail FX

CySEC Bans Broker Directors for 2 Years

  • Bugayenko and Dotsa are prohibited from exercising CIF’s management duties.
  • The regulator suspended the shareholder rights of Veles International's sole owner.
Wednesday, 10/04/2024 | 09:20 GMT by Damian Chmiel
Retail FX

CySEC Withdraws CIF Authorization from Leverate

  • The absence of judicial review indicates finality in CySEC's decision.
  • Earlier, the regulator withdrew CIF authorizations for four investment firms.
Sunday, 11/02/2024 | 10:10 GMT by Tareq Sikder
Retail FX

CySEC Withdraws ICF Membership from Four Brokers

  • Earlier in 2023, the regulator withdrew CIF licenses belonging to those companies.
  • Their clients can still file claims for operations before the withdrawal.
Thursday, 11/01/2024 | 10:50 GMT by Damian Chmiel
Retail FX

CySEC Orders RoboMarkets to Stop Giving “Branded Merchandise” to Clients

  • The Cypriot watchdog said the practice contradicts MiFIR rules and ESMA's directive.
  • The regulator recently disclosed plans to conduct on-site visits on a sample of CIFs.
Wednesday, 23/08/2023 | 12:54 GMT by Solomon Oladipupo
Retail FX

CySEC Takes Action on Russia-Linked Otkritie Broker

  • CySEC targets Otkritie Broker over Russian bank connections and bans one of its directors.
  • The regulatory provisions will take effect in six months.
Wednesday, 12/04/2023 | 08:06 GMT by Damian Chmiel
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.
Monday, 20/03/2023 | 10:02 GMT by Damian Chmiel
Executive Moves

TheTradingPit Has Selected Petros Kalaitzis as Its New Global COO

  • Kalaitzis brings around 11 years of experience from the financial industry to the role.
  • His skills include market analysis, client relations, client experience.
Wednesday, 02/02/2022 | 12:01 GMT by Tom Hazan
Brokers

Exclusive: Maxiflex Ltd Voluntarily Renounces Its CIF License

  • The owner and operator of EuropeFX has renounced its Cyprus Investment Firm (CIF) license.
Tuesday, 09/11/2021 | 06:36 GMT by Bilal Jafar
Executive Moves

Petros Kalaitzis Joins NAGA Group as Its New Head of Customer Experience

  • NAGA Group plans to leverage Kalaitzis experience within the Forex and CFD industry in his new role.
Wednesday, 07/04/2021 | 09:58 GMT by Tom Hazan
Regulation

CySEC Settles with Depaho for €270,000 over Possible Compliance Lapses

  • This is the second time the broker has settled with the Cypriot regulator.
Tuesday, 29/09/2020 | 09:44 GMT by Arnab Shome
Regulation

CySEC Lifts CIF License Suspension of Opteck Parent

  • Centralspot Trading has had its CIF license restored after it took steps to reconcile its capital ratio and other requirements.
Tuesday, 19/11/2019 | 12:07 GMT by Jeff Patterson
Regulation

FXFINPRO Capital Loses Cypriot CIF License, Says CySEC

  • CySEC will maintain supervision over the FX broker until it has taken care of its responsibilities under the license.
Thursday, 17/01/2019 | 15:57 GMT by Aziz Abdel-Qader
Brokers

CySEC Officially Withdraws CIF License of B.O. Tradefinancials

  • TradeFinancials, which first entered the space in 2009, notified CySEC in March of its intention to renounce authorization.
Tuesday, 03/07/2018 | 14:21 GMT by Aziz Abdel-Qader
Brokers

Boursotrade Regains CySEC License After 11-Month Suspension

  • The company was flagged for non-compliance and had its license ‎temporarily suspended by CySEC last year.‎
Thursday, 22/02/2018 | 15:50 GMT by Aziz Abdel-Qader
Regulation

CySEC Withdraws Suspension of Gametech’s CIF License

  • Last week, CySEC also cancelled its suspension of the operating license of OptionRally.
Monday, 16/10/2017 | 15:20 GMT by Aziz Abdel-Qader
Brokers

Latvian Financial Regulator Sends a Message to Cyprus Brokers

  • Brokers looking to operate in Latvia are asked to open a subsidiary or use a local tied agent.
Saturday, 14/10/2017 | 06:03 GMT by Victor Golovtchenko
Brokers

Cyprus Regulator Caps Leverage on Crypto, Says Passporting Not Allowed

  • Cypriot watchdog CySEC has issued a circular to inform brokers that they can’t offer more than 1:5 leverage.
Friday, 13/10/2017 | 14:49 GMT by Victor Golovtchenko
Brokers

AJF Financial Services Renounces its CySEC CIF Authorization

  • UPADTE: a previous version of this article has incorrectly stated that AJF's license was renounced by CySEC.
Tuesday, 03/10/2017 | 13:46 GMT by Jeff Patterson
Brokers

CySEC Lifts XTrade’s Suspension, Reinstates License

  • XTrade's temporary suspension has been lifted after one month following the broker's compliance with CySEC.
Monday, 26/06/2017 | 13:28 GMT by Jeff Patterson
Regulation

Binary Options Operator Leadtrade Renounces CIF License

  • Leadtrade has voluntarily rescinded its CySEC authorization.
Monday, 19/06/2017 | 08:01 GMT by Jeff Patterson
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