CySEC Cracking Down on FX Brokerages
Moderator: moderators
-
- rank: 10000+ posts
- Posts: 37437
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
CySEC Cracking Down on FX Brokerages
Cyprus had traditionally been an ideal hub for FX and binary options retailers, with manageable processes for registration and licensing, access to traders in the EU and a somewhat lax approach to administrative fining. Last year however, what had been an FX-paradisiac island with the occasional €5000 fine imposed by its regulatory body CySEC, has turned into a blood-in-the-water-market, after the financial regulator began cracking down on local brokerages and imposing fines on several large brokers totaling no less than €1,000,000 in fines and settlements for violations including bad handling of clients’ complaints, misleading advertising and poor assessment of ... (read more)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.