Cyprus' regulator urges investor caution regarding SiliconValley Markets and FXTTCM Cypriot financial markets regulator CySec has today published a warning to potential investors regarding a company operating in the name of SiliconValley Markets Ltd, stating that it the company does not hold the relevant CIF license which is required for firms offering retail FX accounts…
Read moreApparently the company’s website vanished since December, no sign of clients’ funds Cypriot regulator CySEC has issued a warning against FX Trident 365 LTD which is the company behind Trident FX, stating that the entity has never been regulated by the Commission. According to the press release they have never been authorized to provide investment…
Read moreThe company has never been regulated under the jurisdiction and doesn’t claim to be In its usual vague tone the Cypriot regulator has added another name to the list of binary options companies it issued a warning against. The brokerage is LBinary.com and according to the website the company operating it - Live Binary Ltd…
Read moreIt looks like CySEC’s earlier warning against TraderXP was for the same company The Cypriot regulatory authority CySEC has issued another warning against dealing with a binary options broker called Sycamore Options. Just as in previous cases there was no detailed information in the announcement on CySEC’s website as to whether or not the company…
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 moreIt appears the grace period for Cyprus based binary brokers to apply for a CySEC CIF license has lapsed. Cyprus financial regulator CySEC has sent out a release warning investors against binary options broker NRGbinary (www.nrgbinary.com), and its parent company NRG Capital (CY) Ltd. CySEC states that NRGbinary is not and has never been licensed…
Read moreAnother instance of an unregulated forex broker using the trade name of a regulated entity. Cyprus financial regulator CySEC has sent out a release warning investors against Depaho FX, and their website www.depahofx.com, stating that they are not and have never been licensed by CySEC. On Depaho's website the company claims to be based in…
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 moreForex broker focused on Arab world seems to have scaled back most of its operations since early summer. Cyprus financial regulator CySEC has issued a warning that it has withdrawn the CIF license of Sama Brokers. Sama is a Limassol-based MT4 forex broker, which has traditionally focused on serving the Middle East and Arabic speaking…
Read moreUnclear what the CySEC warning against TraderXP. It is interesting comparing the warnings and fines issued by regulators such as the CFTC in the US, and CySEC in Cyprus. The CFTC is always very precise and detailed when it issues a warning, specifying what exactly happened (or is alleged to have happened). CySEC's pronouncements, however,…
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