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Regulation

Equiti Group Secures CySEC License to Deepen Presence in Europe

  • The Group announced the appointment of Hesham Hasanin as the CEO of its Cypriot subsidiary.
  • The CySEC license is the company's 8th regulatory license.
Wednesday, 05/10/2022 | 14:33 GMT by Solomon Oladipupo
CryptoCurrency

Revolut Gains CySEC's Approval to Offer Cryptocurrency Services

  • The approval grants Revolut access to offering crypto services to European clients.
  • Digital assets were between 5% and 10% of Revolut's revenue.
Monday, 15/08/2022 | 14:33 GMT by Matti Williamson
Regulation

ICC Intercertus Capital Pays €100K to CySEC to Settle Possible Violations

  • The settlement concerns marketing, distribution and sales of CFDs to retail clients.
  • FXBFI Broker also paid €150k to settle its possible violations of local regulations.
Wednesday, 10/08/2022 | 16:15 GMT by Solomon Oladipupo
Brokers

FXBFI Broker Pays €150K to CySEC to Settle Possible Violations

  • The decision was reached by CySEC's Board on March 4, 2022.
  • CySEC announced three license withdrawals in late July.
Tuesday, 09/08/2022 | 20:06 GMT by Solomon Oladipupo
Regulation

F1 Markets and Magnum FX (Cyprus) Settle with CySEC, Paying €150K Each

  • There were several possible compliance violations for both brokers.
  • Both of them faced a 2-week license suspension in mid-2020.
Tuesday, 02/08/2022 | 09:02 GMT by Arnab Shome
Regulation

CySEC Withdraws CIF License of MPS Marketplace (Previously SpotOption)

  • The withdrawal came as the company voluntarily renounced its license.
  • Earlier, the regulator suspended its license for a year.
Wednesday, 27/07/2022 | 11:41 GMT by Arnab Shome
Regulation

CySEC Withdraws CIF License of Sharelink Securities & Financial Services

  • The company decided to renounce its license.
  • Sharelink is now operating as a tied agent of Argus Stockbrokers.
Tuesday, 26/07/2022 | 11:42 GMT by Arnab Shome
Regulation

Operator of Triangle Markets and 3 Angle FX Settles with CySEC, Pays €50K

  • The brokerage operator possibly violated rules around client fund protection.
  • CySEC recently warned CFDs brokers to improve practices.
Tuesday, 26/07/2022 | 07:08 GMT by Arnab Shome
Regulation

CySEC Withdraws CIF License of Finteractive Ltd (FXVC)

  • The broker renounced the license and stopped all services under it in February.
  • Earlier, it settled with CySEC for possible regulatory violations.
Friday, 22/07/2022 | 05:14 GMT by Arnab Shome
Regulation

CySEC Warns CFDs Brokers to ‘Improve Practices’ or Face Action

  • The regulator is tightening its monitoring practices over the industry.
  • It is imposing new rules to ensure compliance and customer protection.
Thursday, 21/07/2022 | 11:16 GMT by Arnab Shome
Regulation

CySEC Warns against ‘Finfluencers’ and Trading ‘Gamification’

  • The regulator launched a campaign to better educate the investors.
  • Several other regulators issued similar warnings before.
Tuesday, 19/07/2022 | 11:21 GMT by Arnab Shome
Regulation

BCM Begin Capital Markets Pays €170K to Settle with CySEC

  • The company entered into a settlement for possible regulatory violations.
  • The action was taken after an investigation into the operations between January 2021 and April 2022.
Wednesday, 06/07/2022 | 09:25 GMT by Arnab Shome
Retail FX

Forex TB Pays €270k to CySEC to Settle Possible Violations

  • The broker possibly violated sections of the Investment Services Law of 2017.
  • CySEC previously settled other firm's possible violations for €150k and €100k.
Thursday, 30/06/2022 | 21:27 GMT by Solomon Oladipupo
Retail FX

CySEC Expands Warning List, Adds Seven Fraudulent Trading Platforms

  • Some of these platforms are falsely claiming to have CIF and other regulatory licenses.
  • Most of them are offering counterparty trading services.
Tuesday, 28/06/2022 | 07:59 GMT by Arnab Shome
Regulation

CFI Cyprus Settles with CySEC, Pays €150K for Possible Non-Compliance

  • The broker possibly violated some compliances around money laundering and terror financing.
  • It only concerns the Cypriot entity of the CFI Group.
Tuesday, 21/06/2022 | 11:29 GMT by Arnab Shome
Regulation

CySEC Fines Maxigrid Directors, Bans Four from CIF Management

  • They failed to 'define and take responsibility' leading to non-compliance.
  • The CIF license of the company was withdrawn last February.
Friday, 17/06/2022 | 11:13 GMT by Arnab Shome
Regulation

CySEC Flags Six More Unauthorized Financial Services Platforms

  • These are offering financial services without having received regulatory authorization.
  • Two of them are trying to clone legitimate brokers.
Friday, 17/06/2022 | 08:36 GMT 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.
Friday, 10/06/2022 | 11:40 GMT 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.
Wednesday, 08/06/2022 | 06:05 GMT by Arnab Shome
Retail FX

CySEC Alerts Investors to Additional Unauthorized Websites

  • The websites have not been registered under Cyprus' markets law.
  • Last week, CySEC flagged seven unauthorized websites.
Monday, 30/05/2022 | 16:12 GMT by Solomon Oladipupo
Brokers

CySEC Issues Warning against Illegal Entities

  • The authority has added goldenshare.io and finatics.io to its warning list.
  • CySEC has also urged investors to consult its website before conducting business with investment firms.
Tuesday, 24/05/2022 | 08:04 GMT by Bilal Jafar
Regulation

CySEC Settles with eXcentral and NicoFX Operator for €290K

  • The company possibly violated several mandatory compliances.
  • The operator is not onboarding clients on NicoFX anymore.
Wednesday, 18/05/2022 | 05:48 GMT by Arnab Shome
Brokers

CySEC Settles with FXVC for €100K, Broker Renounces CIF License

  • The broker possibly violated CySEC regulations.
  • It has stopped offering services under the CIF license from March 2022.
Friday, 06/05/2022 | 12:00 GMT by Arnab Shome
Binary Options

CySEC Raises Red Flag on Websites Associated to Binarium Ltd

  • Six domains were mentioned in the warning.
  • The watchdog recently warned on four forex websites.
Monday, 02/05/2022 | 19:43 GMT by Felipe Erazo
Institutional FX

CySEC Warns Investors against Four Unregistered Forex Websites

  • The websites have not been registered under Cyprus' markets law.
  • The warning follows an earlier alarm on fraudsters impersonating CySEC's officers.
Wednesday, 27/04/2022 | 14:37 GMT by Solomon Oladipupo
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