CySEC Lifts XTrade’s Suspension, Reinstating License

[kreslik.news]

XTrade’s partial suspension by the Cyprus Securities and Exchange Commission (CySEC) has been rescinded today, ending a one-month action by the regulator. The lifting of the suspension coincides with XTrade’s compliance with CySEC regulations, following a violation of marketing relations last month.

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On May 30, 2017, XTrade’s license was partially suspended, given the brokerage had violated regulations on disseminating marketing materials. Since then, XTrade has not been authorized to onboard any new clients – existing clients of the company have remained unaffected however.

At the time ... (read more)