No certificate will be issued to investment firms, even to registered ones, before they are fully compliant with CySEC demands and have their licenses activated.
Read moreCyprus maintains its position as a favored region in which to establish financial services companies with 22 licenses having been issued by CySec in 5 months, including to prominent companies Plus500 and Myfxbook
Read moreCySec commenced consultation on the exposure to company directors and shareholders recently. Advocate Tal Ron extrapolates the caveats to be considered by FX firms including the splitting of capital between bank accounts On April 10 this year, CySec issued a consultation paper which relating to the exposures to directors and shareholders. In order to ensure…
Read moreThe regulator continues its crackdown on unlicensed binary options brokerages Cypriot financial regulator CySEC has informed the public in a press release today that the company standing behind PlanetOption is not permitted to conduct business in the country and it has never been issued a license and is outside of its regulatory framework. Based on…
Read moreCySEC issues 10 new CIF licenses during Q3, most all to binary and forex brokers. As we've written before, the EU-Cyprus bailout crisis and subsequent bank account 'haircut' which occurred this spring has not dampened traders' enthusiasm for engaging with Cyprus-based brokerages. And as such we continue to see a number of startup (and existing)…
Read moreIs this payback for 4XP running "We're not in Cyprus" ads during the EU-Cyprus bailout crisis? Cyprus financial regulator CySEC has sent out a release warning investors against Forex Place Ltd (also known in the industry as 4XP), and their website www.4xp.com, stating that they are not and have never been licensed by CySEC. A…
Read moreCySEC remains one of the few regulators to license binary options brokers. LeapRate Exclusive... LeapRate has learned that Cyprus-based binary options broker Cedar Finance has been granted a Cyprus Investment Firm (CIF) license to binary options broker Cedar Finance. The license was actually issued to Cedar Finance's parent company T.B.S.F. Best Strategy Finance Ltd. Cedar Finance…
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