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CySEC authorizes ProbusFX

Jul 24 2017
By
Jonathan Smith

 The Cyprus Securities and Exchange Commission (CySEC) has published a notice that it has authorized a new forex broker operating from the domain www.probusfx.com.


The brokerage is owned by Aspide Financial Limited and is based in Limassol, Cyprus. The company has a license for investment and ancillary services, including reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients, safekeeping and administration of financial instruments, including custodianship and related services and foreign exchange services where these are connected to the provision of investment services.


We could not find much additional information about the new brokerage, as neither Aspide's site, nor the broker's site are operational. An entry in the business social network LinkedIn, however, tells us that Aspide was established in 2016 and is pending a CySEC forex license. There is also an entry in the Cyprus Corporate Registry.

 

Cyprus is a popular registration destination for forex brokers. On one hand it provides access to the entire EU market under the passporting rules. On the other, its regulation requirements are somewhat less strict than those of UK's FCA, even though recently the CySEC has tightened them significantly.

 

 

TAGS: cysec  probosfx  aspide financial limited  cyprus 
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