ETFinance

The Cyprus financial regulator CySEC has recalled the license suspension of Magnum FX (Cyprus) Ltd, which operates the ETFinance retail FX and CFD brokerage brand. This decision comes after the company implemented measures such as ceasing to accept new clients and stopping all marketing activities. The company will only provide support services to existing clients and has committed to changes in its management structure. The decision reflects compliance with regulatory requirements, although the company operates under strict limitations until further assessments are made.

The Cyprus financial regulator CySEC has recalled the license suspension of Magnum FX (Cyprus) Ltd, which operates the ETFinance retail FX and CFD brokerage brand. This decision comes after the company implemented measures such as ceasing to accept new clients and stopping all marketing activities. The company will only provide support services to existing clients and has committed to changes in its management structure. The decision reflects compliance with regulatory requirements, although the company operates under strict limitations until further assessments are made.