Tag: CySEC

December 08, 2022 BY Steffy Bogdanova

CySEC adds another 5 unregulated brokers to warning list

The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in September, CySEC added five companies to its warning list.

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November 22, 2022 BY Steffy Bogdanova

CySEC warns of fake website and impersonators of its representatives

The regulator reminded the public that it never sends unsolicited correspondence, and it does not request payments, or individual personal data. CySEC further clarified that it has “no authority or jurisdiction to collect fees for any purpose from individual investors, nor does it have authority to appoint anyone to do so on its behalf.” According…

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November 17, 2022 BY Steffy Bogdanova

CySEC and ROInvesting.com operator Royal Forex reach a €120K settlement

Royal Forex is the parent company of Europe-based online trading broker ROInvesting. The brokerage recently extended its partnership deal with Italian football club AC Milan. Royal Forex operates forex and CFDs brokerage brand ROInvesting. Additionally, the broker strengthened its brand recognition by inking a sports sponsorship deal with the famous Italian football club, AC Milan…

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Equiti opens a Cyprus office
November 14, 2022 BY Steffy Bogdanova

Equiti opens a new office in Cyprus

Hesham Hasanin, CEO of Equiti Global Markets in Cyprus, said: We are very excited to be in Limassol and have access to its large pool of talented people to expand our business in Europe. The welcoming hospitability and support of the local community and our partners in Limassol has been remarkable. We look forward to…

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November 10, 2022 BY Steffy Bogdanova

CySEC launches an online quiz to help investors evaluate their knowledge

CySEC has not provided specific numbers but noted that the Cypriot consumers display low levels of financial and trading literacy. The regulator highlighted that young people, in particular, lack basic financial understanding which makes them more vulnerable to fraud. CySEC stated: Inexperienced investors often make wrong investment decisions, based on assumptions and beliefs that stem…

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November 04, 2022 BY Steffy Bogdanova

CySEC adds 5 more unregulated firms to warning list

The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in September, CySEC added five companies to its warning list.

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Binance
October 21, 2022 BY Steffy Bogdanova

Binance secures crypto license in Cyprus

Under the new CASP license, Binance can offer crypto services such as pot, custodian, staking, and card services. The CySEC authorisation follows similar registrations in Europe for Binance including in France, Italy and Spain. The crypto exchange also expanded its presence in the Middle East with registrations in Abu Dhabi, Dubai, and Kazakhstan. Changpeng Zhao…

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October 20, 2022 BY Steffy Bogdanova

CySEC initiates ICF compensation for Maxigrid clients

Under the ICF, clients of locally regulated financial services companies have protection from CySEC of up to €20,000, in case of the financial services company becomes bankrupt or is unable to return customer deposits. Maxigrid background The company ran its business from Cyprus after it secured a Cyprus Investment Firm (CIF) license in 2011. That…

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CySEC fine
October 14, 2022 BY Steffy Bogdanova

CySEC and General Capital Brokers reach a €120K settlement

According to the CySEC website, GCB operates the following approved domains: www.gcb.com.cy and www.t1markets.com. GCB and CySEC have reached a settlement for the amount of €120.000, the official announcement stated. The commission noted that the decision was reached on 19 September 2022. Earlier in October, CySEC revealed that it has decide to withdraw the CIF…

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M4Markets
October 11, 2022 BY Steffy Bogdanova

M4Markets secures CySEC licence

M4Markets Group CEO, Mr. Panikos Teklos, commented that: M4Markets has grown significantly over the past two years and strategically it was the logical next step for us to penetrate the European market as a lot of the European traders are experienced and as passionate about trading as we are. We are committed to maintaining the…

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