CommexFX’s CIF License Withdrawn Following String of Suspensions, Fines

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) has officially withdrawn its CIF license from CommexFX Ltd, a provider of foreign exchange (FX) and contracts-for-difference (CFDs), the group’s latest chapter in a series of fines and penalties spanning over two years.

CySEC’s latest action results in the full withdrawal of CommexFX’s CIF license, following multiple failures to comply with its policy and several transgressions that have endangered client funds and interests. CommexFX had previously operated mainly in Egypt and China as well as other Asian markets.


Following a judicial review at CySEC, CommexFX Ltd. (CIF number 153/11) is ... (read more)