Bonuses will only be allowed if funds are free to withdraw whenever the client wishes This could totally change the retail forex industry, and the way client acquisition and retention is done. It’s been only a day since CySEC outlined its priorities for 2014 and today we have the first steps taken in the direction…
Read moreRenewal of investor confidence in Cyprus, investor training and modernization highlight CySEC’s plans for 2014 Cypriot financial regulator CySEC has assembled briefing with local media yesterday outlining future goals for the Commission and some review of the challenging year already behind us. The press release issued on the matter details the Commission’s priorities for the…
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 moreAccording to our research ChargeXP might be behind VIP Binary, which does not appear to be operational Cypriot regulator of financial services providers CySEC has released two press releases today that outline some details about fines it has imposed on a couple of binary options brokerages in October last year. The first administrative action was…
Read moreApparently the company failed to provide evidence of professional qualifications of the main shareholder as the law requires Last Friday the CySEC has issued a statement clarifying that it has rejected the application of ShortOption for a CIF license due to a questionable shareholder within Stardor Limited, which is the company behind the binary options…
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 moreCedar was late in filing paperwork with CySEC, and in any event is focusing on Asia. Seems as though CySEC licensing isn't all its cracked up to be for binary options brokers. Cedar Finance, one of a handful of binary options brokers to receive CySEC licensing in the past few months, has now seen its…
Read moreThe company has been spared a huge fine in return for a commitment to get regulated Cypriot regulatory authority CySEC is on the move once again. The regulator has announced in a statement on its website that it is administrating a fine totaling 15,000 Euros on the company Zoompartners Ltd, which is behind the Zoomtrader…
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 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…
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