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Retail FX

CySEC Officially Withdraws Brokereo's Membership from ICF

  • The regulator confirms Brokereo's withdrawal from the ICF membership following the revocation of its CIF license.
  • The company voluntarily renounced its license at the end of last year.
Tuesday, 13/02/2024 | 09:50 GMT by Damian Chmiel
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 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  • Trilt and RMG's licenses were withdrawn last month and in April 2022, respectively.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
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

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 Revokes ICF Membership of MPS, Finteractive and Two Others

  • The CIF licenses of these companies were withdrawn earlier this year.
  • ICF provides deposit protection of up to €‎20,000.
Thursday, 20/10/2022 | 09:52 GMT by Arnab Shome
Retail FX

CySEC Asks Maxigrid Clients to Submit ICF Compensation Claims

  • Clients must submit claims before April 2023.
  • The license of the brokerage operator was canceled last February.
Thursday, 20/10/2022 | 06:40 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  • The CIF license of the company was withdrawn earlier this year.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
Brokers

CySEC Withdrew ICF Membership of Daweda, LCG (Cyprus) and Felicitas

  • All of the companies lost their CIF licenses due to non-compliance.
  • Claimants from these companies will still be entitled to compensation.
Wednesday, 23/03/2022 | 12:55 GMT by Arnab Shome
Regulation

CySEC Withdrew ICF Membership of SonaFX and Belight Capital

  • Both the companies lost their CIF license last year.
  • The regulator offered up to €20,000 deposit protection to the clients of ICF members.
Tuesday, 25/01/2022 | 13:17 GMT by Arnab Shome
Brokers

CySEC Revokes ICF Membership of Bogofinance Capital Markets (FXJet)

  • The broker shuttered its operations last year.
Wednesday, 09/06/2021 | 11:06 GMT by Arnab Shome
Brokers

CommexFX Clients to Tap Investor Compensation Scheme after 2 Years of Waiting

  • The license of the company was withdrawn in July 2016 after a year of withdrawal delays that started in 2015.
Thursday, 04/05/2017 | 16:06 GMT by Victor Golovtchenko
Regulation

Breaking: CySEC to Reform Investor Compensation Fund Rules

  • The Investor Compensation Fund in Cyprus is to get a new legislative framework following a consultation period.
Wednesday, 12/04/2017 | 12:55 GMT by Victor Golovtchenko
Brokers

SkyFX and Capital Option Clients Closer to Recovery of Client Funds

  • The appointment of a liquidator to the parent firm of SkyFX and Capital Option is a first step towards recovering client funds.
Friday, 02/09/2016 | 11:22 GMT by Victor Golovtchenko
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