Tag: Maxigrid

CySEC fine
June 20, 2022 BY Steffy Bogdanova

CySEC fines Maxigrid and issues bans on four directors

CySEC’s decision follows an investigation into Maxigrid’s non-compliance. The official announcement stated: Maxigrid's Board of Directors was found to have acted in violation of this article over its failure to define and take responsibility for the implementation of arrangements that ensure the effective and prudent management of the Company, in a way that promoted the…

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June 08, 2022 BY Steffy Bogdanova

Maxigrid clients will get compensation by CySEC under ICF

That was until last February when Maxigrid’s license was withdrawn by CySEC. According to the regulator, the broker violated multiple mandatory compliance rules that led to the cancellation of its license. In the latest announcement, the Cypriot watchdog noted that the broker “unable to meet its obligations arising out of investors' claims and has no…

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