Tag: CySEC

asic warning
October 16, 2017 BY LeapRate Staff

CySEC adds Investor Warning to leverage and volume limits for trading cryptocurrency CFDs and ICOs

After introducing leverage and volume limits for FX brokers that offer trading in CFDs for Bitcoin, Ethereum and other cryptocurrencies, Cyprus financial regulator CySEC has now added a general warning for retail traders on the risks of trading digital / virtual currencies. CySEC called these instruments "highly complex", noting that trading prices of virtual currencies and CFDs…

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forex industry news update
October 15, 2017 BY LeapRate Staff

Forex Industry Week Review: Cryptocurrency CFD leverage limits, FX broker IPO, FxPro Dubai license, and lots more…

In FX Industry News this week... What leverage and volume limits did Cyprus regulator CySEC place on brokers who offer trading in Bitcoin, Ethereum and other digital currency CFDs? Which FX broker now plans a Singapore Exchange IPO? Which former CEO is suing the Chairman of a trading platform company? What management and board changes…

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CySEC settlement
October 12, 2017 BY Valentina Kirilova

CySEC withdraws CIF license suspension of Binary Options broker OptionRally

Cyprus financial regulator CySEC has announced that it has withdrawn the suspension of the CIF license granted to Binary Options broker Optionrally Financial Services Ltd. The reasons given by CySEC for suspending the company's license in the first place involved issues involving protection of clients’ funds, the company’s own funds, and the company’s capital adequacy…

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cysec license suspended
October 11, 2017 BY Valentina Kirilova

CySEC suspends CIF licence of Concorde Investments (Cyprus) Ltd

Cyprus financial regulator CySEC has announced that, following a decision in the meeting dated 25.09.2017, the authorisation of the Cyprus Investment Firm Concorde Investments (Cyprus) Ltd (‘the Company’), number 189/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (‘the Law’), as there…

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FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit
August 24, 2017 BY LeapRate Staff

MiFID II passporting changes for FX brokers highlighted by CySEC

Cyprus financial regulator CySEC has issued a circular highlighting the changes which will take effect come January 2018 in how CySEC-regulated brokers can passport their CIF license to other EU countries. Cyprus based CIF license holders, and in particular Retail FX and CFD brokers, rely on passporting to allow them to do everything from take…

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