Tag: CySEC

March 10, 2023 BY Steffy Bogdanova

CySEC adds seven more unregulated firms to warning list

Additionally, the Cypriot regulator warned the public that the website www.ims-crypto.com is not connected to an entity registered with CySEC as Crypto Asset Service Provider. 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…

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February 09, 2023 BY Steffy Bogdanova

CySEC withdraws CIF licence of F1Markets

F1Markets states the following on its website: We regret to inform you that our Company has decided to renounce its authorization and therefore please be aware that as of 20th of June 2022, F1Markets Ltd, operating under the domains www.investous.com/eu and www.f1markets.com will no longer be able to offer its investments and ancillary services to…

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January 25, 2023 BY Steffy Bogdanova

CySEC adds 5 more 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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FTX
December 23, 2022 BY Steffy Bogdanova

CySEC extends license suspension on FTX until March

The Cypriot regulator initially suspended the license of the crypto exchange on 11 November 2022 following its collapse. This came only two months after FTX obtained approval from the Cyprus financial market regulator allowing it to offer company products and services to European clients. CySEC noted that during the suspension, the exchange is not permitted…

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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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