Leverate Sells Legacy FX, New Owner Allnew Investments Acquires CySEC License
Posted: Wed Dec 20, 2017 6:36 pm
Leverate has successfully offloaded the brokerage brand which it briefly set up at the end of 2015 before shutting it down in mid-2016. Allnew Investments purchased the company from the technology provider back in 2016 and has been patiently awaiting Cyprus Securities and Exchange Commission (CySEC) authorization before relaunching the brand.
The Cypriot regulator has become much more rigorous when processing new applications from retail brokers over the past year. The ESMA’s pressure on CySEC to get its house in order has materially impacted the approval process for new firms, such as A.N. ... (read more)