CySEC Withdraws IFCM Cyprus License Following Voluntary Renouncement

The Cyprus Securities and Exchange Commission (CySEC) has
announced today (Wednesday) the withdrawal of IFCM Cyprus Ltd’s Cyprus Investment Firm (CIF)
license. The decision was made during a meeting held on October 30, 2024.

IFCM Cyprus Renounces CIF License

According to CySEC , the company voluntarily chose to
renounce its CIF authorization. This type of license is required to operate as
a regulated investment firm in Cyprus, allowing companies to provide financial
and investment services within the country and across the European Economic
Area.

The withdrawal follows the company’s formal request, signalling
its decision to cease operating under CySEC’s regulatory framework. According
to the regulator, no judicial reviews or further rulings were associated with
this case.

Source: CySEC

Finance Magnates reached out to IFCM Cyprus for comment, but
the firm has not responded as of the time of writing.

Earlier, CySEC
announced the withdrawal
of Cyprus Investment Firm (CIF) authorizations. On
November 11, 2024, CySEC revoked the CIF authorization of Arumpro Capital Ltd
after the company explicitly renounced its authorization.

Similarly, on November 4, 2024, CySEC withdrew the CIF
authorization of Greenpost Trading Europe Ltd, following the company’s decision
to renounce its authorization.

Additionally, CySEC
removed AMP Global Ltd’s membership
from the Investors Compensation Fund
(ICF) after the company withdrew its CIF authorizations, as reported by Finance Magnates.

The Cyprus Securities and Exchange Commission (CySEC) has
announced today (Wednesday) the withdrawal of IFCM Cyprus Ltd’s Cyprus Investment Firm (CIF)
license. The decision was made during a meeting held on October 30, 2024.

IFCM Cyprus Renounces CIF License

According to CySEC , the company voluntarily chose to
renounce its CIF authorization. This type of license is required to operate as
a regulated investment firm in Cyprus, allowing companies to provide financial
and investment services within the country and across the European Economic
Area.

The withdrawal follows the company’s formal request, signalling
its decision to cease operating under CySEC’s regulatory framework. According
to the regulator, no judicial reviews or further rulings were associated with
this case.

Source: CySEC

Finance Magnates reached out to IFCM Cyprus for comment, but
the firm has not responded as of the time of writing.

Earlier, CySEC
announced the withdrawal
of Cyprus Investment Firm (CIF) authorizations. On
November 11, 2024, CySEC revoked the CIF authorization of Arumpro Capital Ltd
after the company explicitly renounced its authorization.

Similarly, on November 4, 2024, CySEC withdrew the CIF
authorization of Greenpost Trading Europe Ltd, following the company’s decision
to renounce its authorization.

Additionally, CySEC
removed AMP Global Ltd’s membership
from the Investors Compensation Fund
(ICF) after the company withdrew its CIF authorizations, as reported by Finance Magnates.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    XM, IC Markets, Tickmill: CFD Brokers Step Up Support Amid Cyprus Wildfires

    Cyprus is dealing with ongoing wildfire flare-ups in the Limassol district following a large blaze that began near the village of Malia on Wednesday afternoon and spread rapidly, challenging early…

    Screens On, Sleep Off: LSE’s 24/7 Plan, Bloomberg Terminal Still Reigns, 401(k)s Get Risky

    Could Less Be More for LSE? London Stock Exchange Group is exploring the operational and regulatory implications of introducing 24-hour trading, It was reported over the weekend. US exchanges have…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25

    • July 25, 2025
    WTI Crude Oil: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25

    USD/JPY: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25

    • July 25, 2025
    USD/JPY: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25

    GBP/USD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25

    • July 25, 2025
    GBP/USD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25

    XM, IC Markets, Tickmill: CFD Brokers Step Up Support Amid Cyprus Wildfires

    • July 25, 2025
    XM, IC Markets, Tickmill: CFD Brokers Step Up Support Amid Cyprus Wildfires