Tag: CIF license suspension

OptionRally license suspended CySEC
July 13, 2017 BY LeapRate Staff

Binary Options broker OptionRally has its license suspended by CySEC

Cyprus financial regulator CySEC has announced the suspension of the CIF license granted to Binary Options broker Optionrally Financial Services Ltd. The reasons given by CySEC involve issues involving protection of clients’ funds, the company's own funds, and the company's capital adequacy ratio. CySEC has given OptionRally one week to take actions in order to comply. In the interim,…

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November 24, 2016 BY LeapRate Staff

Retail Forex broker FXFINPRO has CIF license suspended by CySEC

Cyprus financial regulator CySEC has issued a notice stating that it has suspended the CIF license of PFX Financial Professionals Ltd, which operates Retail Forex broker FXFINPRO at website fxfinpro.com. The company also operates portfolio management company FINPRO Investments at finproinvest.com. According to CySEC, there are suspicions of an alleged violation by FXFINPRO regarding persons who effectively direct the…

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May 12, 2016 BY Maria Nikolova

CySEC says ACFX license remains suspended

Further to LeapRate's report from April about the suspension of the Cyprus Investment Firm (CIF) license of Atlas Capital Financial Services Ltd, owner of ACFX, operating via acfx.com, the Cypriot securities regulator today announces that the CIF license of the firm remains suspended. While the suspension of the authorisation is in force, the Company: 1. Cannot…

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