AMP Global,
an FX/CFD broker with roots in the US, has likely decided to suspend its
operations in Europe, which it conducted through AMP Global Ltd. The company
announced that it has initiated the process of relinquishing the license it
received from the Cypriot regulator.
AMP
Global Without a CySEC License
“We
would like to inform you that AMP Global Ltd hereby notifies you that it is in
the process of voluntarily renouncing its CIF License with authorization number
360/18,” states the official broker’s website. “Therefore, the
Company will no longer accept any new clients and/or the opening of any new
accounts while it has terminated all its existing clients and informed them
about the procedure that should be followed for their funds return and filing
any complaints.”
This
information was confirmed by an official CySEC decision issued today
(Thursday), confirming that the CIF (Cyprus Investment Firm) authorization has
been withdrawn.
AMP Global
had been regulated by CySEC since 2018 and, under the license obtained in
Cyprus, was able to provide its services in Europe. The information on the
website does not clearly indicate whether the broker is suspending its
activities only on the Old Continent or also in its home market.
AMP Global,
an FX/CFD broker with roots in the US, has likely decided to suspend its
operations in Europe, which it conducted through AMP Global Ltd. The company
announced that it has initiated the process of relinquishing the license it
received from the Cypriot regulator.
AMP
Global Without a CySEC License
“We
would like to inform you that AMP Global Ltd hereby notifies you that it is in
the process of voluntarily renouncing its CIF License with authorization number
360/18,” states the official broker’s website. “Therefore, the
Company will no longer accept any new clients and/or the opening of any new
accounts while it has terminated all its existing clients and informed them
about the procedure that should be followed for their funds return and filing
any complaints.”
This
information was confirmed by an official CySEC decision issued today
(Thursday), confirming that the CIF (Cyprus Investment Firm) authorization has
been withdrawn.
AMP Global
had been regulated by CySEC since 2018 and, under the license obtained in
Cyprus, was able to provide its services in Europe. The information on the
website does not clearly indicate whether the broker is suspending its
activities only on the Old Continent or also in its home market.
This post is originally published on FINANCEMAGNATES.
