Tag: Cyprus FX

April 16, 2014 BY Andrew Saks-McLeod

Relationships Matter: Windsor Brokers adds IB portal to GWAZY platform

A year and a half after its launch, Windsor Brokers' GWAZY platform gains an IB portal, an essential component for relationship-based client acquisition Introducing a proprietary trading platform to meet the requirements of a specific target market is a somewhat costly and resource-hungry task, however for Cyprus-based Windsor Brokers, continued investment in exactly that is…

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April 03, 2014 BY Gerald Segal

New CIF license granted to FX broker Harborx Ltd

New CySEC broker is granted a CIF license, but yet to go live The Cyprus Securities and Exchange Commission is reporting that they have granted a CIF license to forex broker registered under company name Harborx Ltd. license number 198/13 as of March 26, 2014. We do not know much on this broker other then…

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April 02, 2014 BY Andrew Saks-McLeod

IronFX promotes Emilio Caleb Lobo to Manage Spanish Office

International experience in leadership positions in FX firms bears fruit as IronFX appoints former COO of NFA regulated firm to lead Spanish operations Few retail FX companies have demonstrated such rapid growth across various regions as IronFX, which has expanded from its original Cypriot roots to cover all continents, with regulatory oversight in the UK,…

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April 22, 2013 BY Gerald Segal

Cyprus details how FX brokers can avoid the 'haircut'

CySEC details disclosure rules required to prove funds in segregated bank accounts in fact belong to individual investors. As we reported earlier, the Central Bank of Cyprus has agreed to NOT apply the dreaded 'haircut' to bank balances above €100,000 at Laiki Bank and Bank of Cyprus, for bank accounts where the ultimate beneficiaries are smaller…

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March 26, 2013 BY Gerald Segal

Cyprus final bailout agreement is worse for the FX brokers

Unlike the original proposal, uninsured depositors will likely lose around 40% (not 10%) at Cyprus' two largest banks. The new (and seemingly final) Cyprus bailout agreed to Sunday night by senior Cyprus government officials, the EU and the IMF will see the complete wind-down of Laiki bank, the second largest bank in the country. The…

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