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
Abstract:The Investors Compensation Fund (ICF) has withdrawn Coverdeal Holdings Ltd's membership in the ICF, which includes brands like Coverdeal FX, according to the Cyprus Securities and Exchange Commission (CySEC).
The Cyprus Securities and Exchange Commission (CySEC) today confirms that the Investors Compensation Fund (ICF) has withdrawn the ICF membership of Coverdeal Holdings Ltd, operator of brands such as Coverdeal FX.
It is noted that, in accordance with paragraph 6(3) of the Directive, the loss of ICF membership status does not mean loss of rights of covered clients to receive compensation in relation to investment operations carried out until the loss of membership status, if the conditions for compensation are fulfilled pursuant to the Directive, nor does it obstruct the initiation of the compensation procedure for covered clients.
The withdrawal of the ICF membership was announced shortly after CySECs decision to withdraw the Cyprus Investment Firm (CIF) authorisation of Coverdeal Holdings Ltd.
Lets note that Coverdeal Holdings operates a raft of online trading brands, such as Coverdeal FX and Globtrex. The list of domains the company operates includes:
www.coverdealfx.eu; www.coverdealfx.cz; www.coverdealfx.pl; www.coverdealfx.sk; www.globtrex.com; www.coverdealfx.com; www.coverdeal.eu; www.globtrex.co.za
Most of the above-mentioned websites are no longer active. Others are still up and running but show the following announcement:
Notification of Measures Related to the Termination
We would like to inform you that Coverdeal Holdings Ltd. (the “Company”) has decided to terminate its activities by requesting the renouncement of its license number 231/14 as a Cyprus Investment Firm.
Therefore, the Company does not accept any new clients, and any existing clients will not be able to trade in their account, or to enter any positions unrelated to the closing/termination of their open positions.
We kindly ask you to close/liquidate all open positions and withdraw any available balance on your account by 15/11/2020 at 18:00 GMT+3. The withdrawal of your funds will be processed in accordance with your valid documents.
Please note that if your documentation is not sufficient, you will be contacted by the Company in order to provide us with the necessary documentation to successfully complete this process.
If you do not withdraw your funds by 15/11/2020 at 18:00 GMT+3, the Company will transfer your funds to the Investor Compensation fund of the Cyprus Securities and Exchange Commission (CySEC) which can be claimed in due course.
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.
Two terms often emerge during central bank policy discussions: hawkish and dovish. These descriptors reflect the differing approaches central banks may take regarding monetary policy. Traders, especially in the forex market, pay close attention to these stances because of their significant impact on currency strength, inflation, interest rates, and overall market sentiment. But what do these terms mean, and are they inherently good or bad for a country's economy?
Learn how sentiment analysis powers successful forex trades in 2024 by interpreting market emotions and anticipating price movements to create profitable strategies.
The 2024 US election is expected to have a significant impact on the Forex market. Therefore, on November 3, 2024, the well-known broker Tickmill will host a free webinar on US Election 2024. There are only a few seats available.
With extensive experience in the financial market, STARTRADER PRIME is highly knowledgeable about the needs of institutional businesses. The brand has gained trust from clients in over 200 regions by providing tailored liquidity solutions. Institutional clients require solutions designed according to their unique business needs, and STARTRADER PRIME offers such solutions, giving clients a real competitive edge in the market.