CySEC settles with IronFX, imposes fines on FXGM, EZTrader, Interactive Option, UFX and others LeapRate

November 27, 2015 BY LeapRate Staff

CySEC settles with IronFX, imposes fines on FXGM, EZTrader, Interactive Option, UFX and others

Cypriot financial regulator CySEC has released the first round of its findings following comprehensive reviews of the operations of a number of CySEC-regulated brokers in both the Forex and Binary arenas. CySEC's initial review has resulted in fines for a number of brokers, ranging from €123,000 up to €340,000. In addition to the fines, CySEC…

May 20, 2015 BY Maria Nikolova

CySEC imposes administrative fine on Reliantco/UFXMarkets

The firm breached Cypriot investment laws by appointing a tied agent without registration and by not obtaining necessary information from clients regarding their level of knowledge of the services they signed up for.

February 15, 2013 BY Gerald Segal

CySEC responds to LeapRate's 'shakedown' allegations

CySEC issues press release asserting its "authority to reach settlements". Well it seems as if we've ruffled some feathers at Cyprus' financial regulator CySEC. In an apparent response to our article Wednesday in which we claimed that CySEC is shaking down a number of FX brokers, CySEC issued a press release yesterday (full wording included below,…

January 31, 2013 BY Gerald Segal

CySEC recalls UFX Markets letter

Do regulators have to also pay fines themselves for making administrative errors? In a fairly quick and somewhat bizarre about-face to the story we broke earlier today (that CySEC and UFX Markets had "compromised on" an €100,000 fine for UFX Markets' regulated parent company Reliantco, for undisclosed actions), CySEC has now issued a new letter recalling…

January 31, 2013 BY Gerald Segal

CySEC fines UFX Markets €100,000

Although the fine remains shrouded in mystery as to what UFX was actually charged with doing. Cyprus' financial regulator CySEC disclosed today it had fined UFX Markets (or more specifically, its regulated parent holding company Reliantco Investments Ltd) the sum of €100,000, The fine followed a CySEC investigation "for reasonable suspicion of committing possible violations" of Cyprus'…

Tag: UFX Markets