Tag: CySEC

July 25, 2016 BY Mike Fox

FIBO Group announces opening of new office in Shanghai

CySEC and BVI regulated brokerage firm FIBO Group announced the expansion of its activities in Asia and likewise the official opening of their new office in Shanghai, China. The brokerage states its customers from this region will be able to directly obtain the necessary consultation and open an account within the new office under the supervision of qualified…

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July 16, 2016 BY Mike Fox

RoboForex changes company name of Belize office

CySEC and International Financial Services Commission (IFSC) of Belize regulated brokerage RoboForex informed the public today that the name of RoboTrade Ltd company licensed under IFSC/60/271/TS/16 was changed appropriately to RoboForex Ltd. Apparently, the purpose of this change was the unification of the names within RoboForex group. RoboForex holds the IFSC of Belize license for trading in financial and commodity…

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July 14, 2016 BY Valentina Kirilova

Orbex in Educational Partnership with Italian LUM University

After expanding its cooperation with Trading Central several months ago, CySEC regulated Forex brokerage Orbex has announced a strategic partnership with LUM Jean Monnet University, an Italian private university, known worldwide and highly regarded as a centre for economic education. The partnership will combine Orbex’ expertise in trading solutions and market analysis with LUM’s advanced scientific approach…

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July 14, 2016 BY Valentina Kirilova

CySEC starts a Web Portal for Regulated Firms

Cyprus financial regulator CySEC has commenced its Web Portal (Portal) through which the Regulated Entities can submit digitally signed documents/forms/letters to the Commission. It is expected that the cost of printing and storing the physical documents will be eliminated since it will no longer be required to be submitted using this format. The purpose of the…

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July 11, 2016 BY LeapRate Staff

Myfxbook allows its CySEC CIF license to lapse

Cyprus financial regulator CySEC has announced that the CIF license of social trading site Myfxbook.com has lapsed (CIF # 255/14). Myfxbook had originally received a CIF license back in late 2014, when it was becoming apparent that European regulators were going to crack down on unlicensed social, copy, and autotrading websites, as well as 'trading…

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July 06, 2016 BY LeapRate Staff

CySEC celebrates 20 years with Cyprus Presidential Palace event

Cyprus regulator CySEC celebrated its 20th anniversary yesterday with a special event held at the Presidential Palace in Nicosia. The event was attended and addressed by the President of the Republic, Mr. Nicos Anastasiades, the Minister of Finance, Mr. Harris Georgiades, and the Chair of the European Securities and Markets Authority (ESMA), Mr. Steven Maijoor, within the…

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June 29, 2016 BY LeapRate Staff

CySEC to set new rules for use of Liquidity Providers and Market Makers

Cyprus financial regulator CySEC has issued a consultation paper regarding new proposed rules governing the use of Liquidity Providers and Market Makers by regulated brokers on the island. The new rules would still allow Retail Forex brokers on the island to have liquidity and market making relationships with entities outside the country and outside the…

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June 24, 2016 BY LeapRate Staff

CySEC demands all Forex Brokers report Brexit effects by end of day

Cyprus financial regulator CySEC has issued a note to all regulated entities on the island, asking them to report the effect of post-Brexit vote trading. The note, signed by CySEC Chairman Demetra Kalogerou (pictured above), asks all CIF regulated entities to report the amount of their own funds, and their capital adequacy ratio to CySEC. It…

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