CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.00% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
LIMASSOL, 29 June 2018 – Blackwell Global Cyprus today announces the voluntary renunciation of its Cyprus Securities and Exchange Commission (CySEC) regulatory licence (License No. CIF 159/11).
Since 2011, Blackwell Global has complied with CySEC’s strict regulations and stringent protocols for the past seven years. With the acquisition of its FCA licence in 2016, Blackwell Global has been focused on developing the European business on that front, as well as its Asia Pacific presence.
“It has been an honour working with CySEC,” said Daniela Egli, Director of Blackwell Global Cyprus, “We hold the commission in high regard as it has helped us offer stringent investor protection to our clients. However, we are making this decision to focus on the development of other areas of our business.”
The Cyprus office will be retained as a support office for Blackwell Global UK.
In January this year, the brokerage acquired the Type 9 Asset Management license awarded by Hong Kong Securities and Futures Commission (SFC) in addition to its securities and futures licences acquired in 2016.
