The Cyprus Securities and Exchange Commission (CySEC) has fined BDSwiss Holding Ltd, a Cyprus Investment Firm (CIF), a hefty €100,000 for enabling offshore companies to mislead customers by referencing its CIF status. The hefty penalty comes after BDSwiss was found redirecting customers to offshore entities that were not regulated. In 2021, FCA similarly banned theRead More
Tag: CySEC
MultiBank Group obtains CySEC CIF license for MEX Europe Ltd
Multinational Retail FX and CFDs broker, MultiBank Group, continues its global expansion with its recent receipt of a Cyprus Securities and Exchange Commission (CySEC) CIF license for its subsidiary, MEX Europe Ltd. The license, granted on May 22, 2023, marks another significant step in the broker’s international growth strategy. MEX Europe Ltd is set toRead More