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 company entered into a settlement for possible regulatory violations. The action was taken after an investigation into the operations between January 2021 and April 2022.
The Cyprus Securities and Exchange Commission (CySEC) has settled with BCM Begin Capital Markets CY Ltd for possible regulatory violations, the supervisor announced on Wednesday. The company, which operates multiple retail trading brands, paid €170,000 as a part of this settlement.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.
According to the Cypriot financial market supervisor, the trading platform operator possibly violated two specific laws: one is regarding general principles and information to clients and the other is around some requirements for CIF authorization.
“Α settlement has been reached with the CIF BCM Begin Capital Markets CY Ltd («the Company») for possible violations of the Investment Services and Activities and Regulated Markets Law of 2017 – L.87(I)/2017,” CySEC stated.
The regulatory action came after an investigation into the company's operations between January 2021 and April 2022.
BCM Begin Capital Markets, previously known as OX Capital Markets Limited, operates multiple brands, including CapitalPanda and ProfitLevel. They offer counterparty trading services with instruments of forex , equities and other asset classes.
CySEC, which oversees all financial services platforms registered on the Medeterinian island, has become very vigilant and is actively taking action against companies for regulatory violations. Most recently, it settled with Forex TB, another forex and CFDs broker, which paid €270,000 in the process. Other such actions include €150,000 and €100,000 settlements with the Cypriot division of CFI Financial and Finteractive Limited, the operator of trading brand FXVC, respectively.
Further, the Cypriot regulator fined and banned four former and current directors of Maxigrid, a brokerage operator that lost its Cyprus Investment Firm (CIF) license in February. It even initiated a compensation process for Maxigrid clients under the ICF scheme.
Meanwhile, the regulator is banning unauthorized trading platforms by regularly flagging them, which are mostly cases of fraud or clones of legitimate platforms.
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.
Gold has surged to a record high of $2,625.89 an ounce, driven by trader expectations ahead of significant U.S. economic data that could signal whether last week’s 50-basis-point interest rate reduction by the Federal Reserve is the start of a series of aggressive cuts. This latest increase marks a 0.2% rise, eclipsing the previous record set just days ago.
Choosing a reliable broker is crucial for successful trading. The Financial Conduct Authority (FCA) in the UK is renowned for its stringent regulatory standards, ensuring that brokers adhere to high levels of professionalism and security. Based on WikiFX evaluations, here are the top five FCA-regulated brokers that stand out for their reliability and performance.
Saxo Bank launched an attractive promotion for new clients that offers zero commission trading on transactions for the 100 most popular US stocks. This campaign began on September 17, 2024, and runs until December 31, 2024. It aims to attract clients who want to invest without paying trading costs.
MetaQuotes now offers Nasdaq real-time tick data in MetaTrader 5. Subscribe for accurate market analysis, improved trading strategies, and flexible subscription plans.