Tag: regulated brokers in Cyprus

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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May 26, 2016 BY LeapRate Staff

ACFX suspension continued by CySEC as offices sit empty

LeapRate Exclusive... LeapRate has learned that the once-bustling offices of retail forex broker ACFX have been sitting empty now for more than a month, with some clients claiming that they have been unable to withdraw funds from their accounts over the past few weeks. For visitors to the Forex hotbed of Limassol, Cyprus, ACFX's offices…

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