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Retail FX

News Nuggets | 1 June: Revolut Hits 30M Users; Crypto Trading on TP ICAP

  • Also, CySEC's symbolic administrative fines and new Orbex account.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 01/06/2023 | 10:07 GMT by Finance Magnates Staff
Retail FX

Retail Brokers, CySEC Wants to Pay You a Visit

  • The regulator will review the MiFID II compliance around marketing.
  • The site visits will be done in the second half of 2023.
Friday, 19/05/2023 | 08:10 GMT by Arnab Shome
Retail FX

CySEC Warns against Impersonators of Officials, Representatives

  • It was the third warning from CySEC against impersonators.
  • These scammers contact clients of regulated entities and sanctioned firms.
Friday, 19/05/2023 | 06:55 GMT by Arnab Shome
Retail FX

News Nuggets | 18 May: Stone Edge Capital Lost CySEC License; FCA Deputy Chair

  • Also, KX's partnership with Amazon Web Services and Delta Capita's new APAC Head.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 18/05/2023 | 09:55 GMT by Finance Magnates Staff
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  • Trilt and RMG's licenses were withdrawn last month and in April 2022, respectively.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.
Tuesday, 09/05/2023 | 13:08 GMT by Solomon Oladipupo
Retail FX

CySEC Withdraws CIF License of FX/CFDs Broker, Trilt

  • Trilt received its license from the Cypriot watchdog in October 2014.
  • CySEC has announced at least 5 CIF license withdrawals since January.
Friday, 28/04/2023 | 16:59 GMT by Solomon Oladipupo
Retail FX

CySEC Warns against 8 Illegal FX/CFDs Trading Platforms

  • The Cypriot regulators flagged six websites in March and five in January.
  • Recently, three CySEC-registered FX/CFDs broker encountered problems.
Monday, 24/04/2023 | 17:01 GMT 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.
Friday, 14/04/2023 | 15:58 GMT by Solomon Oladipupo
Retail FX

Exclusive: Retail FX Broker TradedWell Shuts Down Website

  • The brokerage, which started running in 2020, closed its website on January 27, 2023.
  • TradedWell is the third CySEC broker to have encountered problems in the last 3 months.
Friday, 14/04/2023 | 14:23 GMT by Solomon Oladipupo
Retail FX

CySEC Slams €1M Fine on Itrade Global for Multiple Violations in Spain

  • The alleged violations were committed by its tied agent in Spain.
  • Some of them include dishonest practices and failure to prevent conflict of interest.
Thursday, 13/04/2023 | 13:07 GMT by Solomon Oladipupo
Retail FX

News Nuggets | 13 April: CySEC's Warning; New Features on Fortex's XForce

  • A new funding round of Altruist and Next Gate Tech; and a fraudulent crypto platform in Botswana.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 13/04/2023 | 10:37 GMT by Finance Magnates Staff
CryptoCurrency

CySEC Extends FTX Europe's License Suspension until September End

  • The license was initially suspended on 11 November 2022.
  • FTX Europe recently started to process withdrawals.
Wednesday, 12/04/2023 | 10:19 GMT by Arnab Shome
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

Italy's CONSOB Blocks Aquilafx, EuroCryptoFX, 3 Other Websites

  • CONSOB has now blocked 871 illegal websites over three years.
  • CySEC blacklisted six unauthorized online trading websites last month.
Thursday, 06/04/2023 | 15:10 GMT by Solomon Oladipupo
CryptoCurrency

Exclusive: FTX Europe Launches New Website for Customer Balance Withdrawal

  • The new domain will offer no products or any other services.
  • CySEC register shows FTX EU is still under license suspension.
Thursday, 30/03/2023 | 21:02 GMT by Solomon Oladipupo
Institutional FX

Devaluation Eats 18% into Cypriot Investment Managers’ AUM in 2022

  • CySEC also attributed the decrease to redemptions of shares and asset disposals.
  • The drop came despite the increase in investment firms during the third quarter.
Tuesday, 28/03/2023 | 13:22 GMT 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.
Monday, 20/03/2023 | 10:02 GMT by Damian Chmiel
Retail FX

CySEC Supervised 837 Entities and Imposed €2.9 million Fines in 2022

  • CIFs represent the majority of licensed and sanctioned entities.
  • CySEC's oversight extends to two new types of companies: crowdfunding and PEPP.
Wednesday, 15/03/2023 | 13:08 GMT by Damian Chmiel
Retail FX

CySEC Blacklists Six Online Trading Websites

  • Three of the websites share the same branding.
  • CySEC kicked against five other unregulated trading platforms in January.
Thursday, 09/03/2023 | 20:14 GMT by Solomon Oladipupo
Executives

CySEC’s Ex-Chair, Demetra Kalogerou, Joins Board of e-Money Firm ECOMMBX

  • Kalogerou also joined INX Digital as a Board Member in July last year.
  • The top executive says she joined ECOMMBX because of its "many prospects."
Wednesday, 08/03/2023 | 14:40 GMT by Solomon Oladipupo
Retail FX

CySEC Withdraws Maxiflex's License for Violating Licensing Conditions

  • Maxiflex allegedly violated rules relating to prevention of use of client funds, others.
  • CySEC suspended Maxiflex's license completely in October 2021.
Monday, 06/03/2023 | 16:46 GMT by Solomon Oladipupo
Retail FX

CySEC Withdraws Magnum FX’s CIF License after “Voluntary Renunciation”

  • Magnum FX was licensed by CySEC in June 2018.
  • The broker operates four different websites.
Tuesday, 14/02/2023 | 15:00 GMT by Solomon Oladipupo
Retail FX

Inveza Capital Ltd "Expressly Renounces" CySEC License

  • The broker suspended its operations in September last year.
  • The company itself decided to give up its license.
Tuesday, 14/02/2023 | 12:36 GMT by Damian Chmiel
Retail FX

CySEC Warns against Licensed Broker Clone

  • IMS Crypto uses the CIF license number of IMS Markets.
  • The latter is CySEC's authorized investment firm, the first is just a clone.
Thursday, 09/02/2023 | 13:41 GMT by Damian Chmiel
Brokers

CySEC Withdraws License of FX/CFDs Brokerage Operator F1Markets

  • F1Markets settled with CySEC last year, paying €150,000.
  • The broker’s license was previously suspended for compliance violations.
Thursday, 09/02/2023 | 09:05 GMT by Arnab Shome
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