Tag: CySEC CIF license

May 03, 2017 BY LeapRate Staff

Hong Kong forex broker solutions provider Broctagon launching CySEC licensed prime brokerage business

LeapRate Exclusive... LeapRate has learned that Hong Kong based forex brokerage solutions provider Broctagon Solutions has established a subsidiary in Cyprus, ahead of the planned launch of a regulated Prime Brokerage and Liquidity Solutions business. The company has established a sub called Broctagon Prime Ltd, and has already received its CySEC CIF license. The license became…

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May 02, 2017 BY LeapRate Staff

Lebanese retail forex broker BogoFinance gets CySEC CIF license

LeapRate Exclusive... It looks like the folks at CySEC have been busy. And, despite CySEC's introduction late last year of more strict rules governing the operations of retail forex brokers - e.g. no bonuses, limited leverage, call center location... - the desire for brokers to become licensed in the EU via Cyprus remains in high…

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forex industry news update
April 30, 2017 BY LeapRate Staff

Forex Industry Week Review: FX Broker gets CySEC license, XTB revenues plummet, FXCM debt to Leucadia, and lots more…

It was a week dominated by regulatory issues and financial results in Forex Industry News, with the key stories once again appearing first or exclusively at LeapRate. Our most popular guest posts this past week included: CySEC changes to Investor Compensation Fund: what does it mean for Forex brokers and traders? from MAP S.Platis General…

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April 27, 2017 BY LeapRate Staff

China-focused retail forex broker FX88.com gets CySEC CIF license

LeapRate Exclusive... LeapRate has learned that the most recent CIF license handed out by Cyprus financial regulator CySEC has gone to retail forex broker FX88.com via its parent company Galactus Ltd. The license was formally approved this Tuesday, April 25. Backed by investors in Singapore, Galactus / FX88.com was formed last year by a number…

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March 31, 2017 BY LeapRate Staff

Binary Options brokers leaving Cyprus: Leadtrade, TTCM, ProOptions and Dragon Options licenses suspended

Cyprus financial regulator CySEC has announced late Friday that it has suspended the licenses of four CIF-licensed brokerage groups. CySEC has suspended the licenses of: Leadtrade Ltd, which operates the TopOption, Prestige Option, Excellence Option and Platinium Option binary options brokerage brands, TTCM Traders Trust Capital Markets Ltd, which operates TradersTrust, Gametech (Cyprus) Ltd, which…

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January 03, 2017 BY LeapRate Staff

Forex broker Grand Capital planning to apply for CySEC license in 2017

LeapRate has learned that unregulated Retail Forex and Binary Options broker Grand Capital is preparing its application to receive a CySEC license from Cyprus regulator CySEC early this year. St Petersburg, Russia based Grand Capital is incorporated offshore in Seychelles. The company, founded and still run by online entrepreneur Stanislav Vaneev, has been around for about…

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December 13, 2016 BY Valentina Kirilova

CySEC withdraws license of retail forex broker UBFS Invest / Moneychoice

The Cyprus Securities and Exchange Commission (CySEC) announced that, on its meeting of 28th November 2016, has decided to wholly withdraw the Cyprus Investment Firm authorization with number 239/14 of «UBFS Invest powered by Moneychoice Brokers Ltd» operating at www.moneychoicebrokers.com, www.ubfsinvest.com. The withdraw has been made due to UBFS’s non-compliance with: Section 28(1) of the Law…

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December 09, 2016 BY LeapRate Staff

Binary options broker and FC Porto sponsor BuzzTrade renounces CySEC CIF license

Cyprus financial regulator CySEC has announced that binary options operator Airfinance Pro Ltd has renounced its CIF license, and is no longer regulated by CySEC. Airfinance manages several binary options brokerage brands, including BuzzTrade (at buzztrade.com) and Investing Area (at investing-area.com). BuzzTrade is a sponsor of Portuguese Primeira Liga football club FC Porto. Airfinance may have had…

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