The Cyprus Securities and Exchange
Commission (CySEC) has granted WeTrade, a Cyprus-based financial brokerage firm, a regulatory license. According to the company’s announcement, the approval provides leeway to operate under EU passporting rights.
“WeTrade International CY Ltd., a proud part of
WeTrade Group, is now licensed by the Cyprus Securities and Exchange Commission
(CySEC),” the company mentioned on LinkedIn. “With Cyprus as our strategic hub, we’re ready to
enhance our services across the EU and build even greater trust with our global
trading community.”
Regulatory Green Light from Cyprus
WeTrade International CY Ltd., part of the wider WeTrade Group, has secured a licence from the CySEC , effective under licence number 453/25. The CySEC licence reportedly gives WeTrade the
authority to offer its trading services legally across the European Union.
According to the firm, the licence will also support
the enhancement of its product offerings and client services. This includes
improving its trading infrastructure and forging new partnerships within the EU
market.
The Cypriot regulator confirmed the approval on its website,
noting the company’s official address as Agias Fylaxeos & Zinonos Rossidi
2, 2nd Floor, 3082, Limassol, Cyprus. The license was issued today (Thursday),
under # 453/25.
Source: CySEC
CySEC Tightens Oversight
Even as the CySEC issues the new license to WeTrade, the
watchdog has tightened its oversight on companies operating in the region.
Recently, it issued a caution to the public about nine websites operating
without proper license to provide investment services under Cypriot financial
regulations.
Around the same time, the regulator announced that it reached a 200,000 settlement with Colmex Pro over possible violations related
to authorization, client protection, and CFD regulations. The regulator cited
violations across multiple areas, including CIF authorization requirements,
organizational standards, conflict of interest management, and client
information disclosures, Finance Magnates reported.
Notably, last year, CySEC carried out over 850 inspections,
imposed €2.76 million in penalties, and canceled several operating permits.
With the implementation of the new EU regulations, the watchdog is intensifying
its compliance monitoring to protect investors better and ensure financial
market stability.
The Cyprus Securities and Exchange
Commission (CySEC) has granted WeTrade, a Cyprus-based financial brokerage firm, a regulatory license. According to the company’s announcement, the approval provides leeway to operate under EU passporting rights.
“WeTrade International CY Ltd., a proud part of
WeTrade Group, is now licensed by the Cyprus Securities and Exchange Commission
(CySEC),” the company mentioned on LinkedIn. “With Cyprus as our strategic hub, we’re ready to
enhance our services across the EU and build even greater trust with our global
trading community.”
Regulatory Green Light from Cyprus
WeTrade International CY Ltd., part of the wider WeTrade Group, has secured a licence from the CySEC , effective under licence number 453/25. The CySEC licence reportedly gives WeTrade the
authority to offer its trading services legally across the European Union.
According to the firm, the licence will also support
the enhancement of its product offerings and client services. This includes
improving its trading infrastructure and forging new partnerships within the EU
market.
The Cypriot regulator confirmed the approval on its website,
noting the company’s official address as Agias Fylaxeos & Zinonos Rossidi
2, 2nd Floor, 3082, Limassol, Cyprus. The license was issued today (Thursday),
under # 453/25.
Source: CySEC
CySEC Tightens Oversight
Even as the CySEC issues the new license to WeTrade, the
watchdog has tightened its oversight on companies operating in the region.
Recently, it issued a caution to the public about nine websites operating
without proper license to provide investment services under Cypriot financial
regulations.
Around the same time, the regulator announced that it reached a 200,000 settlement with Colmex Pro over possible violations related
to authorization, client protection, and CFD regulations. The regulator cited
violations across multiple areas, including CIF authorization requirements,
organizational standards, conflict of interest management, and client
information disclosures, Finance Magnates reported.
Notably, last year, CySEC carried out over 850 inspections,
imposed €2.76 million in penalties, and canceled several operating permits.
With the implementation of the new EU regulations, the watchdog is intensifying
its compliance monitoring to protect investors better and ensure financial
market stability.
Feed from Financemagnates.com