Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
CySEC Fines FXVC Operator €100K for Possible Regulatory Violations
Abstract：The Cyprus Securities and Exchange Commission (CySEC) announced that it has decided to impose €100,000 fines on the Finteractive Ltd, the operator of trading brand FXVC, for possible regulatory violations.
As early in this year, FXVC has decided to voluntarily renounce its CIF license (238/14) of CySEC to operate as an investment firm.
CySEC imposed €100K fines
According to CySEC, the settlement has been reached with the CIF Finteractive Ltd for possible violation of the Investment Services and Activities and Regulated Markets Law of 2017(«the Law»). More specifically, the investigation for which the settlement was reached, covers the period 1.8.2019 to 28.2.2021 and involved assessing the Finteractives compliance with article 22(1) of the Law as to the authorisation condition laid down in article 17(2) of the Law, regarding the organisational requirements with which a CIF is required to comply.
As a result, the company agreed to pay the amount of €100.000.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
Leverage
Indicator
Quoted currency
Roll-Over
US Non-farm Payrolls
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
monetary policy
mortgage-backed securities
interest rates
inflationary
Non-farm payrolls
Ramadan
Stock
Scam Alert
Fraud Alert
Cryptocurrency
Blockchain
Bitcoin
Ethereum
CFDs
indices
commodities
demo accounts
MT4
MT5
cTrader
WebTrader
Read more
Firsttrade Review: Traders Raise Ponzi-Style Scam Concerns, Withdrawal Denials & More Issues
Have you lost all your capital while trading via Firsttrade? Does the US-based forex broker disallow you from withdrawing funds? Do you have to pay massive fees when transferring funds? Does your trade get affected because of frequent malfunction in the trading app? These have been haunting many traders at Firsttrade. Consequently, many of them have raised complaints online. In this Firsttrade review, we have shared such complaints. Keep reading to know about them.
Original Two days ago
Don’t Get Scammed: A Roundup of Common Online Fraud Tactics in Forex
Forex scams are evolving faster than ever; learn the most common tactics (cloned platforms, fake investment managers, fake recovery services) and how to spot them before you deposit.
Original Two days ago
Defcofx Review: Spread Manipulation & Poor Customer Support Outrage Traders
Does the poor customer support service leave you stunned when trading via Defcofx? Do you receive blunt, negative responses from the support team on several trading queries? Does the Saint Lucia-based forex broker pile on the losses for you by manipulating forex spread charges? In this Defcofx review, we have shared some complaints made against the broker. This will further answer your question: Is Defcofx real or fake?
Original Two days ago
Beware the “Ghost Brokers” This Halloween — Trade Safely with WikiFX
Stay safe this Halloween! Spot and avoid ghost brokers in the forex world with WikiFX – your trusted tool for verifying broker legitimacy.
Original Two days ago
WikiFX Broker
Latest News
Fake Trading Platforms Are Spreading Fast Across Asia ｜ How Investors Are Being Tricked
WikiFXWikiFX Elites Club Committee Concludes Voting! Inaugural Lineup Officially Announced
WikiFXeToro CopyTrader Expands to U.S. Investors
WikiFXIs MH Markets Safe or a Scam? Regulation and Fund Security Explained
WikiFXPonzi Scheme Operator Sentenced to 14 Years in Western Australia
WikiFXChicago PMI Beats But Remains In 'Contraction' For Second Straught Year
WikiFXHow to Add and Take Out Money from Amillex Broker: A Complete Guide
WikiFXT4Trade broker Review 2025: Is T4Trade Regulated?
WikiFXFCA warning: These Firms are on the list
WikiFXDon’t Get Scammed: A Roundup of Common Online Fraud Tactics in Forex
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate