Tag: CySEC CIF license

capital index website
November 01, 2018 BY LeapRate Staff

Confirmed: Capital Index gives up CySEC CIF license

Following our exclusive report from the beginning of last month that London based spreadbetting and CFDs broker Capital Index had made an application to voluntarily give up its CySEC CIF license, CySEC had indeed issued a brief notice that Capital Index (Cyprus) Ltd has had its CIF license withdrawn. We had reported at the time…

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forex industry news update
October 07, 2018 BY LeapRate Staff

FX Industry Week Review: Forex broker gives up CySEC license, LCG and ETX results, and lots more

Which Retail FX broker was the latest to renounce its CySEC CIF license, and leave Cyprus? Were ETX Capital and LCG able to rebound from losses in their most recently reported fiscal periods? Who became the latest significant institutional investor in Markets.com parent Playtech? Which FX industry executives changed places this week? (There were several!).…

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June 29, 2018 BY LeapRate Staff

Forex broker Blackwell Global gives up its CySEC CIF license

Cyprus financial regulator CySEC has announced that at its meeting of June 25, 2018, it has decided to wholly withdraw the Cyprus Investment Firm (CIF) authorisation license with number CIF 159/11 of the company Blackwell Global Investments (Cyprus) Ltd. CySEC did not give any specific reason for its decision. However we understand that the giving up…

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OptionFair binary options closed
March 01, 2018 BY LeapRate Staff

TechFinancials gives up CySEC license, closes OptionFair as Binary Options focus switches to China

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has notified Cyprus financial CySEC of its intention to withdraw the Cyprus Investment Firm (CIF) license of its regulated subsidiary B.O. TradeFinancials Limited (BOT), and that it plans to shut down its OptionFair binary options brand, returning all client funds. BOT is the…

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Boursotrade CySEC CIF license
February 23, 2018 BY LeapRate Staff

After nearly a year, CySEC reinstates license of FX and Binary Options broker Boursotrade

Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license suspension of Boursotrade Ltd. We had reported in March 2017 that CySEC had issued a temporary suspension of Boursotrade's license, due to “Persons who effectively direct the business”. Boursotrade Ltd operated several website brands, including boursotrade.com, boursepro.com, and Binary options broker boursebinary.com.…

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CySEC global FX clients
February 08, 2018 BY LeapRate Staff

CySEC demands notification and authorization from FX brokers taking clients from other countries

Continuing its efforts to clean up the domestic Retail FX sector, Cyprus financial regulator CySEC has issued a circular this morning entitled "Provision of investment and ancillary services and/or performance of investment activities in a third country". See full text below. Effectively, CySEC is cracking down on its domestic licensed FX brokers which take on…

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LegacyFX fx broker website
December 21, 2017 BY LeapRate Staff

Exclusive: LegacyFX reappears as a CySEC licensed FX broker

LeapRate Exclusive... LeapRate has learned that a new CySEC CIF license has been granted to a company called A.N. Allnew Investments Ltd, controlled by former XForex executive Jad Abdel Rahman. Under the new license, the company has launched a new Retail FX brand called LegacyFX, at websites legacyfx.com and for EU based clients at legacyfx.eu. The…

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