The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 30th September 2016, the CIF Starfish Markets (CY) Ltd lost its authorization with number 286/15. The company (formally named Starfish Markets) had received a CySEC license back in December, but never activated it. Starfish Markets is a registered New Zealand company controlled by Malaysian national…
Read more
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…
Read moreAfter 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,…
Read moreLeapRate 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…
Read moreCyprus financial regulator CySEC has withdrawn the suspension of binary options broker EZTrader (via its parent company WGM Services Ltd), and restored its CIF license.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…
Read moreCyprus 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…
Read morePlus500 was advised by Limassol-based regulatory consultant MAP S.Platis in obtaining its CySEC license.
Read moreDCFX focuses on Arabic and Islamic accounts. Until now it was based in Abu Dhabi, and registered in Seychelles.
Read moreCySEC 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…
Read moreThe 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…
Read more