The Cyprus Securities and Exchange Commission (CySEC) registered binary options broker Eurotrader as a Cyprus Investment Firm (CIF), making it the 16th company to be registered so far in 2015.
Eurotrader, which is a binary options broker, is part of Eurotrade Investments RGB Ltd.
The company’s license – which has not been activated yet – was issued on September 7.
Amendments to the authorisation procedure of CIFs back in July has seen a tightening of the rules by CySEC when it comes to obtaining a license.
According to CySEC’s website, there are 197 registered Cyprus Investment Firms (CIF) to date.
Source: InCyprus
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