Apparently someone has it in for CySEC Chairman Demetra Kalogirou. The following announcement went out via CySEC's website on Friday (original in Greek, edited Google Translate follows): The Chairman of the SEC Ms. Demetra Kalogirou complained to Police today, regarding the spreading of malicious phone messages (SMS) which seems to refer to her as the sender. Ms.…
Read moreDespite financial services firms showing great interest in establishing business in Cyprus, applications for CySec regulation by FX firms is at an all time low as companies seek regulatory oversight from Britain and Australia
Read moreCySEC issued a warning today to investors and traders concerning binary firm LBinary.com, on its website the firm states LBinary a brand of Chelestra Limited, Secretary’s lane 5, Gibraltar... In English, the warning reads as follows: The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform the investors that the company ‘Chelestra Ltd’ (https://www.lbinary.com):…
Read moreCySEC added as of July 21st binary company P.M. Investment Capital Limited with license number 243/14 to their regulated investment firm list. The company is branded as Brokerage Capital when conducting a search for the company, but the CIF listing shows a link to KBOption. Maybe there could be a re-branding set to take place…
Read moreAccording to CySec, Forextradition Ltd is not registered or authorized to offer financial services or online FX trading in Cyprus.
Read moreNews on the binary front as 24xp, which is a France focused broker under company name AMFF Ltd, is reporting to have achieved CIF status and become licensed and regulated by CySEC (Cyprus Securities and Exchange Commission). They are filed under license number 241/14 from July 1st. Competition is heating up in binaries as the industry continues…
Read moreOfficial press release is below; any traders or partners should avoid business with unregulated entities and only do business with firms that are properly regulated in your jurisdiction...
Read moreAsia focused GBX adds to its growing list of liquidity providers in its partnership with TopFX
Read moreCySEC (Cyprus Securities and Exchange Commission) has dealt a blow to Cedar Finance, a binary option service provider. The official press release is below (translated from Greek to English as best as we can.) In previous announcements dated December 19, 2013 and February 21, 2014, the Commission announces that a meeting of dated June 16,…
Read moreAs the European regulatory structure continues its evolution, legal experts Tal Ron and Stephanie Attias explain latest considerations for Cyprus FX firms.
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