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CySEC withdraws CIF licenses of AnyOption and Gobaba FX

 

The Cyprus Securities and Exchange Commission (CySEC) announced previous week that it withdraws the Cyprus Investment Firm (CIF) licenses of the parent of AnyOption, Ouroboros Derivatives Trading Ltd., and of Gobaba FX Cy Ltd., as both companies have expressly decided to renounce them.

  

On its website, AnyOption has put a notice, informing clients that it has decided to renounce its CIF authorisations and no longer offers any investment and/or ancillary services.

 

 

It is no wonder that the parent of AnyOption, Ouroboros Derivatives Trading Ltd., has renounced its CIF license now that binary options trading is prohibited in Europe. The European regulator banned the marketing, distribution or sale of binary options to retail clients as of July 2, 2018, and plans to extend the prohibition for a further three-month period from October 2, 2018. due to investor protection concerns.

 

Ouroboros company has actually sold off AnyOption to Invest.com back in 2017. That being said, the parent of Invest.com, GS Sharestocks Ltd., is also Under examination for voluntary renunciation of the authorization. A key part of the acquisition determined that Anyoption will terminate its binary options activity to instead offer portfolio management, stock trading, and CFDs.

 

As regards Gobaba FX Cy Ltd., it also renounced its CIF license voluntarily, although it has recently acquired the business from Trading212, which used provide investment services in Cyprus via the domain www.trading212.com.cy. The website has been inactive for a while now, as per our check, however Trading212 continues to operate in the UK and throughout Europe, as it is licensed by the Financial Conduct Austhority (FCA).

 

TAGS: CySEC  CIF license withdrawal  AnyOption  Gobaba FX  Trading212 
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