Cysec Archives | Online Forex Trading

The Cyprus Securities and Exchange Commission, better known as CySEC, is the financial regulatory agency of the Republic of Cyprus. Find a list of all the CySEC regulated brokers, information, latest news and events. Since Cyprus became a member of the European Union in 2004, CySEC has become part of European MiFID regulation, giving firms registered in Cyprus access to all European markets. This has led to a number of overseas firms registering in Cyprus to take advantage of this regulatory regime.

CySEC regulated entities ordered to come clean on any Mossack Fonseca links

CySEC regulated entities ordered to come clean on any Mossack Fonseca links

The story which has been making headlines and even toppling governments recently, namely the leak of the so called Panama Papers, which had demonstrated how a series of suspicious-looking transactions went through Panama, Russia, Switzerland, and Cyprus, with hundreds of millions in unsecured loans ending up with companies allegedly controlled by individuals in ...

CySEC imposes changes on binary options trading

CySEC imposes changes on binary options trading

Back in December we had reported how CySEC, the market regulator in the jurisdiction of Cyprus which is a very popular hub for binary options brokers, published a consultation paper inviting the investment firms under its supervision to submit their comments and views on a series of proposed changes in the regulatory framework of binary options trading, aiming ...

CySEC warning about the circulation of misleading emails

CySEC warning about the circulation of misleading emails

Many brokers and/or investment services firms often engage in dubious and shady practices during their promotional campaigns, which in several instances contain information that is not valid and therefore misleading, thus trying to lure potential customers under false pretenses. Through an announcement dated 7 April 2016, CySEC, the Cyprus watchdog warns the ...

CommexFX fined by CySEC – Cyprus Watchdog

CommexFX fined by CySEC – Cyprus Watchdog

The Cypriot regulator, the Cyprus Securities and Exchange Commission has over the past few months issued a series of heavy fines against many investment firms and brokers, both fx and binary options, in its jurisdiction, as part of its renewed campaign to better enforce its regulatory role and better protect customers and the market operation, while at the same ...

CIF behind Sky FX and Capital Options has license suspended by CySEC

CIF behind Sky FX and Capital Options has license suspended by CySEC

The Cyprus watchdog, the Cyprus Securities and Exchange Commission (CySEC) has announced today that it has decided on 12 February 2016 to suspend the authorisation of the Cyprus Investment Firm ‘Trademarker (Cyprus) Ltd’, with number 151/11. According to the regulator the decision for the suspension was reached at pursuant to section 26(2) of the Cyprus ...

CySEC temporarily suspends licensing fast-track scheme

CySEC temporarily suspends licensing fast-track scheme

Despite admittedly toughening up its stance towards its regulated entities and becoming more proactive and strict as to their compliance with their obligations as well as steepening the fines and sanctions it imposes for violations, the appeal of CySEC licensing for firms engaging in the provision of financial and investment services appears not only to be ...

CySEC licensed Blackwell Global gets FCA regulated too

CySEC licensed Blackwell Global gets FCA regulated too

The UK online trading market is getting even more crowded. International broker Blackwell Global has just received FCA licensing for its UK subsidiary, Blackwell Global Investments (UK) Limited, effective from 1st February 2016.   Blackwell is already the holder of a valid CIF license by CySEC since 2011, and it has been present the in UK since 2012 by using ...

Clever tactics by Banc de Binary?

Clever tactics by Banc de Binary?

When commenting at the beginning of the week on the CySEC announcement about reaching a settlement with Banc de Binary, we ventured an explanation of the CIF’s decision to pay a bigger amount and settle than get fined and be at the receiving end of the associated bad publicity, arguing that this decision fits into its rhetoric and promotion tactics. Further ...

CySEC Vs Banc de Binary case

CySEC Vs Banc de Binary case

Similarly to what happened recently with another high profile firm, IronFX, today CySEC announced, besides the imposition of a fine to CIF Rodeler Ltd, that it had reached a settlement agreement with the Cyprus Investment Firm Banc De Binary Ltd, for the amount of €350.000. This amount, which according to the announcement has already been paid by Banc de ...

Is CySEC Your Strongest Shield Against Scammers?

Is CySEC Your Strongest Shield Against Scammers?

The fact that CySEC is becoming much stricter with the brokers it supervises has been featured on posts at binaryoptionswire.com on many occasions over the past months. Following the issuance of several circulars demanding that brokers in its jurisdiction comply with a multitude of stipulations regarding transparency, clients’ complaints, good practices and ...

What’s in a name? CySEC toughens up on name changing as well

What’s in a name? CySEC toughens up on name changing as well

The field of online retail trading, be it in forex, cfds, binary options and other investment types is plagued by the existence of many scam firms that purport to be offering such financial services but in reality are little more than scam and thieves. This is particularly true in the case of binary options, since regulation in this industry segment is not as ...

First CIF to obtain a license in 2016 by CySEC

First CIF to obtain a license in 2016 by CySEC

Cyprus is a true hub when it comes to offering online retail financial services and brokerages are lining up by the dozens to obtain a license from the local regulator, CySEC, in order to be able to passport their services in the entire EU region. Currently, the number of Cyprus Investment Firms (CIFs) that hold a valid license from CySEC to offer financial ...

CySEC licensed brokers - The Shocking Truth

CySEC licensed brokers - The Shocking Truth

Many CySEC regulated companies, especially in the field of binary options, are regularly reported to be targeting clients abroad and managing to win their custom by highlighting the fact that they are CySEC regulated. However, the CySEC regulation only means that the passporting of such services is allowed in other EU jurisdictions alone and not on a global ...

Is CySEC about to shake the binary options landscape?

Is CySEC about to shake the binary options landscape?

Often criticized as being not more than pure gambling and speculation the field of the online retail trading of binary options has been booming over recent years and it has greatly evolved and increased especially since 2008,the year when one jurisdiction and its regulator, namely the Cyprus Securities and Exchange Commission (CySEC) took the decisive move to ...

CySEC Complaints Handling Procedure

CySEC Complaints Handling Procedure

In the aftermath of its recent decisions to fine several financial services firms under its jurisdiction, the Cyprus Securities and Exchange Commission (CySEC), which is the regulator of financial markets in Cyprus, a popular hub for forex and binary options brokers, appears to be determined to monitor the conduct of CIFs more closely and decisively. With this ...

Warning by CySEC about Airsoft and relevant clarifications

Warning by CySEC about Airsoft and relevant clarifications

Through a warning issued to the investing public on 10 December 2015, the Cyprus Securities and Exchange Commission informed investors with regards to the company Airsoft, which operates via www.airsoftltd.com and which according to the information presented on its website is a software provider and it is regulated by CySEC. Pointing out that CySEC does not ...

Cyprus-based Falcon Brokers has license suspension extended by regulator

Cyprus-based Falcon Brokers has license suspension extended by regulator

In late September 2015 the Cyprus Securities and Exchange Commission (CySEC) had announced for the first time the suspension of the Cyprus Investment Firm (CIF) license of Forex brokerage Falcon Brokers Ltd. This company, offering its services to investors via the domain http://new.falconbrokers.com, has had its license suspended for violations of the ...

What’s the essence of the Iron FX settlement with CySEC?

What’s the essence of the Iron FX settlement with CySEC?

Following its recent decision to impose several fines on investment firms in its jurisdiction CySEC was praised by many who saw this move as a tangible toughening of the regulator’s stance. Indeed, according to the Chairwoman of CySEC herself: “The ultimate goal of onsite checks conducted by the Cyprus Securities and Exchange Commission (CySEC) is to ensure ...

CySEC slaps fines on firms and plans further compliance audits

CySEC slaps fines on firms and plans further compliance audits

Discussing how CySEC, the financial markets regulator in Cyprus, which is a very popular hub for forex and binary options online retail trading providers, has gradually stepped up its gear and became much stricter and demanding vis a vis its regulated brokers and CIFs (Cyprus Investment Firms), is a regular topic here on binaryoptionswire.com. Indeed CySEC ...

CySEC falls victim of impostors

CySEC falls victim of impostors

On the day it decided to show its teeth and announce multiple heavy fines on several investment firms in its jurisdiction, the Cyprus Securities and Exchange Commission (‘CySEC’) also issued an announcement to warn the public regarding certain individuals impersonating CySEC officers. In the announcement CySEC says that it has come to its attention that ...

CySEC publicizes an extensive list of unregulated brokers

CySEC publicizes an extensive list of unregulated brokers

Amidst the recent clampdown of many regulators across the globe on the binary options industry and primarily on binary options brokers, the watchdog in one of the most popular hubs for licensing such brokers, namely the Cyprus Securities and Exchange Commission (CySEC) continues its attempts to clear its name and its jurisdiction of any wrong-doing and has thus ...

More CIFs on the way out as CySEC slams more suspensions?

More CIFs on the way out as CySEC slams more suspensions?

Many of the critics of CySEC had maintained on many occasions that the regulator had been too relaxed and lenient in its approach to the investment services firms in its jurisdiction, leading to a somewhat uncontrollable and unjustified boom in their numbers. The same critics and many other industry stakeholders have thus welcomed the fact that in the past few ...

Capital Option and Sky FX parent has its license stripped by CySEC

Capital Option and Sky FX parent has its license stripped by CySEC

Some market participants as well as other stakeholders, such as certain regulators for example France’s AMF have often voiced their criticism again the level and adequacy of the supervision exerted by the Cyprus Securities and Exchange Commission over the entities it regulates, not least because those obtaining a license from the Cypriot pertinent body can ...

CySEC extends the suspension of the ACFX license

CySEC extends the suspension of the ACFX license

Last month, CySEC, the Securities and Exchange Commission in Cyprus, had announced its decision to suspend the authorisation of the Cyprus Investment Firm ‘Atlas Capital Financial Services Ltd’, with number 085/07, due to suspected breaches of the relevant rules and legislation relating to: the continuity and regularity in the performance of investment ...

CySEC satisfied by 1 T.C.R.CORP. LTD

CySEC satisfied by 1 T.C.R.CORP. LTD

With a Board decision that was taken on 5th October and announced on 20 October 2015, the Cypriot financial markets regulator CySEC has announced the withdrawal of the suspension of the authorization and thus the effective reinstatement of the normal operation of the Cyprus Investment Firm ‘1 T.C.R. CORP. LTD’. The firm in question, which holds CySEC ...

CySEC toughens up and gives CIFs two months to comply

CySEC toughens up and gives CIFs two months to comply

Often blasted in the media and other industry forums for being too lenient with brokers in its jurisdiction, as well as for the lax implementation of various regulations that result in hindering the completion in the global online retail forex and binary industry, the Cypriot regulator CySEC has lately been making many efforts to improve its image as a watchdog ...

Another fine for Banc de Binary by CySEC

Another fine for Banc de Binary by CySEC

Although one of the pioneers in the field of online retail binary options trading, Banc de Binary is often reported to be having troubles with regulators. CySEC, the financial industry regulator for Cyprus where Banc de Binary has its corporate headquarters, has to date imposed several fines on the broker. Back in May 2014, a fine of EUR 10,000 was imposed on ...

The cat is out of the bag as CySEC admits they are investigating IronFX

The cat is out of the bag as CySEC admits they are investigating IronFX

Iron FX, a Cyprus headquartered forex broker that was previously hailed as a huge success story and had raised many eyebrows in the industry due to several moves it had made, such as for example its sponsorship deal with Barcelona FC , has been the centre of much attention and negative publicity in the previous few months. It all began with allegations about ...

CySEC issues warning against broker TradersKing

CySEC issues warning against broker TradersKing

Consistent with its regular practice of issuing warnings to the public against unregulated brokers, the Cyprus Securities and Exchange Commission has just published another such warning directed against binary options broker TradersKing. Cyprus is a popular hub for binary options brokerages, especially since its local regulator, the CySEC, was the first ...

Safecap Investments fined by CySEC

Safecap Investments fined by CySEC

The Cypriot financial markets regulator CySEC, which has often in the past come under fire for being too lenient with brokers is indeed stepping up its pace and tightening its grip since it has just announced its decision to impose a hefty administrative fine amounting to €168,000 on Cyprus Investment Firm Safecap Investments Ltd. This is an important ...

CySEC warning on the risks of investing in complex products

CySEC warning on the risks of investing in complex products

CySEC, the financial markets regulator in Cyprus which is a popular jurisdiction for many online retail forex and binary options brokerages has issued a warning on 19 June in order to urgently draw the attention of investors to the risks of investing in complex products. CySEC was forced to issue this public warning because it says that it has come to its ...

CIF renounces license, while another moves headquarters

CIF renounces license, while another moves headquarters

Entries and exits of brokers into the retail forex business continue, especially in the popular jurisdictions such as Cyprus. According to a recent announcement by the Cyprus Securities and Exchange Commission, on 6th June 2015, the Cyprus Investment Firm Saxo Capital Markets CY Ltd, which was providing investment services via the domain www.saxomt4.com, ...

CommexFX license suspended by CySEC

CommexFX license suspended by CySEC

In a decision taken on 12 June 2015 and announced on the same day the financial markets regulator for Cyprus, namely the Cyprus Securities and Exchange Commission proceeded with the suspension of the authorisation of the Cyprus Investment Firm ‘CommexFX Ltd’. This company, which holds the CIF license with number 153/11 since 2011, is suspected to have ...

CySec addresses the issue of trading bonuses

CySec addresses the issue of trading bonuses

The Cyprus Securities and Exchange Commission has addressed on 8 April a circular to all the Cyprus Investment Firms under its jurisdiction on the subject of granting trading benefits to clients, through which it informs them about its new rulings concerning the matters of withdrawal conditions, profit made on trading bonuses and the methods by which bonuses ...

Cyprus lifts all capital controls while CySEC withdraws another CIF license

Cyprus lifts all capital controls while CySEC withdraws another CIF license

Two years ago, when the Cyprus crisis culminated and the country’s international lenders imposed an unprecedented haircut on deposits many had predicted the demise of the country as a reliable international business and financial services centre. This was further fuelled by the fact that Cyprus had then become the first eurozone member to impose restrictions ...

CySEC fines EZ Trader over last year’s license suspension

CySEC fines EZ Trader over last year’s license suspension

EZ Trader is undoubtedly a popular and successful binary options trader, which has recently attracted headlines for its high profile sports sponsorship deals, the latest being an agreement to sponsor the renowned English team Everton F.C. However, in a decision announced yesterday, the broker’s regulator, namely the Cyprus Securities and Exchange Commission, ...

Another twist in the Cedar Finance conundrum as CySEC issues warning

Another twist in the Cedar Finance conundrum as CySEC issues warning

Anyone interested in trading retail binary options online should be aware that scams are abundant in the field and therefore all potential clients should always do a thorough research about a broker’s good standing before committing their funds. Besides checking the websites of financial regulators, another useful source for such information are independent ...

CySEC Warning against TD Options

CySEC Warning against TD Options

The Cyprus Securities and Exchange Commission (CySEC), which is the regulator of the financial markets in Cyprus has recently issued another public warning against TD Options Limited, a company which claims to possess a license to provide binary options services to traders. Operating online through a website under the name Basic Venture (www.basicventure.com), ...

LiveFX Trader “caught in the act” by CySEC and FSC Mauritius

LiveFX Trader “caught in the act” by CySEC and FSC Mauritius

It appears that the war between regulators and scammers will never cease to cause ripples and raise concerns. The next story worth telling in this great fight is the case of a company called LiveFX Trader. In an unusual move, this company has forced two watchdogs from two different jurisdictions, Cyprus and Mauritius, to issue a joined alert, warning the public ...

CySEC licenses another three CIFs, including Plus500

CySEC licenses another three CIFs, including Plus500

The financial regulator for the jurisdiction of the Republic of Cyprus, the Cyprus Securities and Exchange Commission (CySEC) has proceeded in granting another three licenses to financial firms to be able to operate as Cyprus Financial Firms (CIFs) under its mandate and control. As of October 10th 2014, according to the CySEC official register of authorized ...

CySEC licensing of Plus500 imminent

CySEC licensing of Plus500 imminent

Binaryoptionswire.com is able to confirm that retail forex and CFD broker Plus500 is expected to very soon receive a license by CySEC, the financial regulator for Cyprus. Listed on the London Stock Exchange, Plus500 is a successful broker that is also already regulated by the FCA in the United Kingdom and by ASIC in Australia. Upon receiving the news that ...

Increased interest for CIF licenses according to CySEC

Increased interest for CIF licenses according to CySEC

As one of the most popular jurisdictions for online retail forex providers and the first to regulate the trading of binary options as an investment vehicle in the EU, thus becoming the base of numerous binary options brokers as well, Cyprus continues to attract a great interest as an investment destination due to the many advantages that the Cypriot economy ...

CySEC fines another two CIFs (RAM Cyprus and SIB LTD)

CySEC fines another two CIFs (RAM Cyprus and SIB LTD)

Cypriot regulator CySEC issued two announcements to inform the investment public of its decisions to impose administrative fines on two Cyprus Investment Firms for similar offences pertaining to the implementation of the 2007 law on combating the legalization of proceeds from illegal activities and of the directive DΙ144-2007-08 of 2012 of the Cyprus ...

CySEC prepares for Market Abuse Regulation

CySEC prepares for Market Abuse Regulation

The Cypriot regulator CySEC has started today, through issuing a relevant announcement addressed to all the interested parties in its jurisdiction, the procedure to fulfill its obligations and align itself fully to the provisions of the new European Union regulation on Market Abuse. This move by CySEC has been necessitated by the adoption of a new framework ...

CySEC warnings Against Binary Options Brokers, LBinary and Regal Options

CySEC warnings Against Binary Options Brokers, LBinary and Regal Options

As binaryoptionswire.com has already reported in the past, Cyprus as a jurisdiction and their local regulator the Cyprus Securities and Exchange Commission (CySEC) have repeatedly come under fire over the last couple of years, for being too accommodating to the binary options trading industry that it is supposed to regulate and for "offering a flag of ...

Vote of Confidence for Cyprus Investment Environment

Vote of Confidence for Cyprus Investment Environment

Foreign investors continue to show their confidence in Cyprus as the applications which keep pouring in before the Cyprus Securities and Exchange Commission at an increasing rate indicate. In fact, the number of licensed, and thus regulated, Cyprus Investment Firms (CIFs) has recorded a rapid increase during the recent years from 50 licensed CIFs in the year ...