Tag: CySEC

XTrade suspended forex CySEC
May 30, 2017 BY Valentina Kirilova

CySEC announces partial suspension of Xtrade Europe Ltd CIF license

Cyprus financial regulator CySEC has announced the 'partial suspension' of the CIF license granted to retail forex broker XTrade Europe Ltd., which operates the XTrade.com and XForex.com websites. The reason for the suspension? Marketing issues. CySEC stated that XTrade's marketing materials and ads do not seem to be fair, clear and not misleading. And by issuing…

Read more
May 15, 2017 BY Valentina Kirilova

CommexFX client ICF compensation process paper issued by CySEC

Pursuant to the Cyprus Securities and Exchange Commission (CySEC)'s announcement, the Investor Compensation Fund for IF Clients (ICF) shared the commencement of the compensation payment process by the ICF to the covered clients of CommexFX Ltd. The address of CommexFX, whose authorisation has been suspended since July 2016, was at 4 Profiti Ilia street, Kanika…

Read more
CySEC
May 02, 2017 BY Valentina Kirilova

CySEC announces lapse of authorisation license of Vayronus Enterprises Ltd

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 30th January 2017, the Company Providing Administrative Services Vayronus Enterprises Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the Company’s authorization with Νumber 150/196, which was…

Read more
April 12, 2017 BY Valentina Kirilova

CySEC suggests possible Brexit impact on the activities and services of Cyprus Investment Firms

The Cyprus Securities and Exchange Commission (CySEC) requested the Cyprus Investment Firms (CIFs) to report to CySEC on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact. CIFs are therefore advised to look at their business model structure, services and…

Read more