June 02, 2014 BY Andrew Saks-McLeod
Exclusive: Cyprus continues to attract new brokers as FxGrow goes live
New retail FX brokerage FxGrow establishes in Cyprus, taking A-book liquidity from CFH Clearing.
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May 27, 2014 BY Andrew Saks-McLeod
TRADOLOGIC enters the risk management space for binary options
TRADOLOGIC to piggyback regulated status of clients OptionBit and OptionXP to provide binary options market making
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May 26, 2014 BY Andrew Saks-McLeod
CySec issues fine to DFG Capital for compliance shortcomings
CySec applies €14,000 fine to DFG Capital, further highlighting the difference between its punitive measures and those of other jurisdictions
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May 15, 2014 BY Andrew Saks-McLeod
Caveat Emptor! CySec warns potential investors about unregulated binary options brand
Cypriot regulator CySec has published a notification that www.callandput.com provides binary options trading to retail clients and is not regulated in Cyprus
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May 14, 2014 BY Andrew Saks-McLeod
CySec issues €10,000 penalty to AFX Capital Markets for compliance irregularities
CySec hands diminutive fine to AFX Capital Markets for series of operational transgressions which came to the regulator's attention subsequent to a compliance inspection in February 2013.
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April 16, 2014 BY Andrew Saks-McLeod
Relationships Matter: Windsor Brokers adds IB portal to GWAZY platform
A year and a half after its launch, Windsor Brokers' GWAZY platform gains an IB portal, an essential component for relationship-based client acquisition Introducing a proprietary trading platform to meet the requirements of a specific target market is a somewhat costly and resource-hungry task, however for Cyprus-based Windsor Brokers, continued investment in exactly that is…
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April 03, 2014 BY Gerald Segal
New CIF license granted to FX broker Harborx Ltd
New CySEC broker is granted a CIF license, but yet to go live The Cyprus Securities and Exchange Commission is reporting that they have granted a CIF license to forex broker registered under company name Harborx Ltd. license number 198/13 as of March 26, 2014. We do not know much on this broker other then…
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April 02, 2014 BY Andrew Saks-McLeod
IronFX promotes Emilio Caleb Lobo to Manage Spanish Office
International experience in leadership positions in FX firms bears fruit as IronFX appoints former COO of NFA regulated firm to lead Spanish operations Few retail FX companies have demonstrated such rapid growth across various regions as IronFX, which has expanded from its original Cypriot roots to cover all continents, with regulatory oversight in the UK,…
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April 22, 2013 BY Gerald Segal
Cyprus details how FX brokers can avoid the 'haircut'
CySEC details disclosure rules required to prove funds in segregated bank accounts in fact belong to individual investors. As we reported earlier, the Central Bank of Cyprus has agreed to NOT apply the dreaded 'haircut' to bank balances above €100,000 at Laiki Bank and Bank of Cyprus, for bank accounts where the ultimate beneficiaries are smaller…
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March 26, 2013 BY Gerald Segal
Cyprus final bailout agreement is worse for the FX brokers
Unlike the original proposal, uninsured depositors will likely lose around 40% (not 10%) at Cyprus' two largest banks. The new (and seemingly final) Cyprus bailout agreed to Sunday night by senior Cyprus government officials, the EU and the IMF will see the complete wind-down of Laiki bank, the second largest bank in the country. The…
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