The Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, at the meeting held on 23 January 2017, has decided to impose a total administrative fine of €63.000 to CIF PriorFX Ltd for non compliance with the following: The company has failed to comply at all times with the authorization and operating conditions, as…
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The Cyprus Securities and Exchange Commission (CySEC) has today published a consultation paper regarding its proposed reforms to the regulatory framework governing the provision of investment services in binary options by firms under its supervision (CIFs). CySEC proposes five fundamental reforms to eliminate deficiencies in the existing regulatory framework for binary options, and establish new,…
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LeapRate Exclusive... Cyprus financial regulator CySEC has just taken its next swing at cleaning up the regulated Retail Forex, CFDs, and Binary Options brokerage sectors. After late last year instructing brokers to stop using deposit bonus promotions and to limit leverage to 50x (for all but expert traders), LeapRate has learned that CySEC has sent a…
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The Cyprus Securities and Exchange Commission (CySEC) just informed the Cyprus Investment Firms (CIFs) that the Directive 2014/65/EU on markets in financial instruments (MiFID II) and the Regulation 600/2014 on markets in financial instruments (MiFIR) which will apply on the 3rd of January 2018, bring a number of changes in the scope of the financial…
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The Cyprus Securities and Exchange Commission (CySEC) has announced that Banc de Binary Ltd has decided to renounce its authorization a week ago. The company provides investment services through the website eu.bancdebinary.com. Under these circumstances, the AMF recommended that investors who have opened an account on this website immediately send a registered letter to Banc…
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The Cyprus Securities and Exchange Commission (CySEC) just announced that a settlement has been reached with the Cyprus Investment Firm Bdswiss Holding Ltd for which there was suspicion of possible violations of the Investment Services and Activities and Regulated Markets Law of 2007 and of the Directives issued pursuant to the Law. More specifically, the investigation for…
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Retail forex broker Markets.com, which operates under the regulatory umbrella of CySEC licensed Safecap Investments Limited, a unit of Playtech PLC (LON:PTEC), sent an email out to clients late last week regarding new trading conditions thanks to rule changes implemented by the Cypriot regulator. We think that the email (full text below) represents a fairly good…
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The Cyprus Securities and Exchange Commission (CySEC) just informed that the domains www.aaafx.com, www.zulutrade.com, www.admiralmarkets.com and www.yesfx.com.cy were inadvertently included in the Annex of the announcement issued by CySEC on 13th December 2016. CySEC urges investors to be duly cautious and to consult its website, to confirm the list of approved and not approved by CySEC domains…
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The Cyprus Securities and Exchange Commission (CySEC) announced that the binary options broker and Cyprus investment firm Banc De Binary Ltd (BDB) has just renounced its authorization. As stated in the renouncement letter of the Company, its authorization with Number 188/13 lapses as from January 15, 2017. It is noted that Banc De Binary Ltd remains…
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The Cypress Securities and Exchange Commission (CySEC) has announced that AirFinance Ltd, a company under CySEC supervision that provides investment services through the websites www.ytftradeltd.com, www.investing-area.com, www.buzztrade.com, www.binaryroyal.com and www.cfdroyal.com has decided to renounce its authorisation. The authorization of AirFinance Pro Ltd was suspended on 17 June 2016, and the company has informed on 9…
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