Tag: Cyprus investment firm

February 15, 2016 BY Maria Nikolova

CySEC suspends license of SkyFX/Capital Option

The Cyprus Securities and Exchange Commission (CySEC) today announced the suspension of the Cyprus Investment Firm license of Trademarker (Cyprus) Ltd, which operates via the brands SkyFX and Capital Option. The watchdog said the suspension reflected suspicions of an alleged violation of section 28(1) of Investment Services and Activities and Regulated Markets Law. In particular,…

Read more
November 02, 2015 BY Maria Nikolova

CySEC accelerates procedure for examining investment firms' license applications

The Cyprus Securities and Exchange Commission (CySEC) has just made a move towards accelerating the procedure for examining the authorization applications of investment firms. The Cypriot regulator mentions Cyprus investment firms (CIFs) in the set of companies covered by a new offer – a ‘fast track’ examination scheme. The scheme covers applicants who have already…

Read more
October 20, 2015 BY Maria Nikolova

CySEC reinstates authorization of investment firm 1 TCR Corp

The Cyprus Securities and Exchange Commission (CySEC) today announced that its Board has decided to reinstate the authorization of investment firm 1 T.C.R. CORP. LTD, which was suspended on July 16, 2015 amid regulatory concerns. The CySEC Board has decided to withdraw the suspension of the license as the regulator has been satisfied at how…

Read more
March 12, 2015 BY Maria Nikolova

Cypriot regulator warns of unauthorized broker TD Options

The Cyprus Securities and Exchange Commission (CySEC) today issued a public warning against dealing with binary options broker TD Options Limited. The watchdog cautions investors that the company is not authorized to provide investment and related services in Cyprus, pursuant to Investment Services and Activities and Regulated Markets Law. That is because the broker was…

Read more
May 01, 2014 BY Andrew Saks-McLeod

LeapRate Interview: FXAchieve's Ioannis Gerousis emphasizes the importance of specialist knowledge

In Cyprus' prominent and highly competitive retail FX sector, Ioannis Gerousis, CEO of FXAchieve considers the key to career improvement and enhanced opportunities among potential candidates to be specialist education Cyprus, an island of less than one million residents, has become a veritable hub for retail FX firms, with such a vast number of brokerages…

Read more
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…

Read more
September 20, 2013 BY Gerald Segal

CySEC warns investors against binary options broker TraderXP

Unclear what the CySEC warning against TraderXP. It is interesting comparing the warnings and fines issued by regulators such as the CFTC in the US, and CySEC in Cyprus. The CFTC is always very precise and detailed when it issues a warning, specifying what exactly happened (or is alleged to have happened). CySEC's pronouncements, however,…

Read more
May 01, 2013 BY Gerald Segal

Monex Indonesia gets CySEC license

One of the first Pacific Rim FX brokerage firms to expand abroad. As a correction to our previous story regarding Monex Japan, it was actually Monex Indonesia, another (unrelated) mid-sized Forex brokerage firm, which received its CySEC 'CIF' license to begin Forex trading operations out of Cyprus. (Our apologies to our friends at the Monex…

Read more
April 25, 2013 BY Gerald Segal

Monex of Japan expands into Cyprus, gets CySEC license

Cyprus crisis -- What crisis??? FX brokers continue to look to operate out of Cyprus. [Correction dated May 1, 2013. As per our updated article, it was not Monex of Japan, but rather Monex of Indonesia -- an unrelated retail FX broker -- which received CySEC licensing. To see the corrected article click here]. LeapRate…

Read more
November 05, 2012 BY Gerald Segal

New Cyprus FX brokerage FXNet receives CySEC license

FXNet set up by former XEMarkets (TradingPoint) execs. Cyprus' securities regulator CySEC announced that it has granted a CIF (Cyprus Investment Firm) license to FXNet, an about-to-be-launched retail FX firm. FXNet is being formed by (among others) executives from XEMarkets, including Costas Kappai, formerly senior dealer at XEMarkets. [Editor's note -- see company comment below].…

Read more