CySEC extends suspension of Forex broker UBFS Invest, begins withdrawal proceedings LeapRate

September 21, 2016 BY LeapRate Staff

CySEC extends suspension of Forex broker UBFS Invest, begins withdrawal proceedings

Cyprus financial regulator CySEC has extended the CIF license suspension of retail forex broker UBFS Invest (full legal name: UBFS Invest Powered By Moneychoice Brokers Ltd). The regulator also noted that it has started the process to withdraw UBFS Invest's authorization. A visit to the UBFS Invest website now yields the following pop-up: CySEC has stated that…

May 26, 2016 BY LeapRate Staff

Interactive Option parent Pegase renounces CySEC CIF license

After having had its CySEC CIF license first suspended in March for one month, with the suspension later extended in April, LeapRate has learned that Pegase Capital Ltd has now renounced its authorization and thus relinquished its CIF license, effective May 13, 2016. Pegase is the parent company operating binary options brokerage brands Interactive Option, HelloBrokers,…

November 13, 2015 BY LeapRate Staff

Cedar Finance and Regal Options binary options brokers shut down - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that once-regulated binary options broker Cedar Finance has shut down its operations. The Cedar Finance website at www.cedarfinance.com is now down as well. And gone offline are two sister binary options brands of Cedar Finance, Regal Options (www.regaloptions.com) and Brokerage Capital (www.brokeragecapital.com). Each of Cedar, Regal, and Brokerage Capital were operating brands…

December 23, 2014 BY LeapRate Staff

CySEC withdraws suspension of binary options broker EZTrader.com

Cyprus financial regulator CySEC has withdrawn the suspension of binary options broker EZTrader (via its parent company WGM Services Ltd), and restored its CIF license. EZTrader also owns and operates the GlobalOption.com and EZInvest.com brands, and the 888binary.com which targets the Chinese market. The company is run by founder and CEO Shimon Citron. Its board of directors includes…

November 20, 2014 BY LeapRate Staff

CySEC suspends CIF license of binary options broker EZTrader.com

Cyprus financial regulator CySEC has taken measures to suspend the CIF license granted to WGM Services Ltd., parent of binary options broker EZTrader.com. EZTrader also owns and operates the GlobalOption.com and EZInvest.com brands, and the 888binary.com which targets the Chinese market. EZTrader reported revenues of $7.95 million for the first six months of 2014, but was…

October 10, 2014 BY Gerald Segal

LeapRate Exclusive - Plus500 to get CySEC CIF license as a Market Maker in CFDs

Plus500 was advised by Limassol-based regulatory consultant MAP S.Platis in obtaining its CySEC license.

May 22, 2014 BY Gerald Segal

MENA focused Forex broker DCFXbroker gets CySEC CIF license

DCFX focuses on Arabic and Islamic accounts. Until now it was based in Abu Dhabi, and registered in Seychelles.

March 27, 2014 BY Gerald Segal

StockPair becomes latest Binary Options broker to get regulated by CySEC

CySEC CIF license granted to StockPair parent Nextrade Worldwide Ltd. Nextrade Worldwide Ltd. DBA StockPair, has been approved as a regulated Cypriot Investment Firm (CIF). They were officially added to list of regulated firms as of March 21, 2014 under license number 229/14. This is a step forward for the StockPair brand who maintains a…

February 13, 2014 BY Gerald Segal

OptionBit, OptionXP and OptionWorld become the latest to receive CySEC CIF license

The first two brands use Tradologic’s platform while the latter is based on SpotOption’s solution The list of licensed binary options brokerages is expanding as the regulatory crackdown that CySEC has pledged after the start of the new year is driving more brands to obtain a CIF license. The latest batch includes two brands that…

February 03, 2014 BY Gerald Segal

CySEC instructs brokers to crack down on tax offenders

Regulatory pressure on Cypriot companies firming up, this time its about tax dodging Cypriot financial regulatory authority CySEC has released a press release today detailing information regarding an upcoming proposal by the European Commission that is aimed to fight terrorist financing and money laundering activities. CIFs by no means are expected to determine whether their…

Tag: CySEC CIF license