The Cyprus Securities and Exchange Commission (CySEC) has announced that it has withdrawn the financial services license number 359/18 of the Cypriot investment intermediary MAGNUM FX (CYPRUS) LTD. The termination is due to the company’s decision to surrender its license. In August 2022, CySEC announced the imposition of a EUR 150,000 fine on Magnum FX (Cyprus) Ltd. and the company agreed to a settlement with the regulator.
CySEC Revokes the License of MAGNUM FX
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