The Cyprus Securities and Exchange Commission (CySEC) revealed on Tuesday that it has decide to withdraw the Cyprus Investment Firm authorisation of IFC Investments Cyprus Ltd.
The regulator’s decision follows the company voluntarily renouncing its license. The regulatory action was confirmed on 12 September 2022.
The company operates through domains www.ifc-center.com and www.capixal.com. Capixal states that it deals with forex, crypto and CFDs trading
Capixal states the following on its website:
IFC Investments Ltd.(”the “Company”) would like to inform you that, following the closure of the open trades on the 9th of May 2022 and the Company’s decision to voluntarily renounce it’s CIF authorization, we are taking all the necessary measures to fully refund any outstanding balances. Where applicable, you will be contacted in order to provide any additional information needed so as to process and complete the refund.
The reasons behind the IFC Investments renouncing its license were not disclosed in CySEC’s press release
CySEC recently withdrew the CIF authorisation of MPS Marketplace Securities Ltd (MPS), formerly known as SpotOption Exchange Ltd and S.O. Spotoption Ltd.
