Category: Brokers

OctaFX has confirmed that it got licensed by the Cyprus Commodities and Exchange Commission (CySEC). This license will allow the broker to operate an EU-based subsidiary and work with EU residents. According to the regulator's register, OctaFX will be operating in Europe under the domain www.octafx.eu.

OctaFX is currently owned and operated by Octa Markets Incorporated, a company registered in St. Vincent and the Grenadines. Initially an offshore broker, OctaFX had a UK entity with an FCA license, however it was suspended in April 2017. It seems like the brokerage has decided to relaunch EU operations via a Cypriot company (Octa Markets Cyprus Ltd.). You can read our full OctaFX review here.

The new regulatory framework introduced last year in August across the EU forex market has reshaped the whole retail forex industry and as a result, a lot of brokers have switched offshore. Those companies who wish to continue operating in Europe will most probably go through a licensing process in either Cyprus or Malta, as OctaFX already did.

According to the license type, OctaFX will be allowed to offer investment services (including reception and transmission of orders in relation to one or more financial instruments; Execution of Orders on Behalf of Clients; Dealing on Own Account) and ancillary services (including safekeeping and administration of financial instruments and foreign exchange services where these are connected to the provision of investment services).

Cyprus is a jurisdiction with a solid financial services sector. Very much like the UK, Cyprus has strong regulations and more importantly strict customer protection rules. Cypriot Investment Firms (CIFs) are required to report their transactions to the local financial watchdog, the Cyprus Securities and Exchange Commission (CySEC) on a regular basis. Besides, CIFs must hold at least €730 000 as a proof of their financial stability and keep client funds in segregated accounts, separated from company’s operational funds. You can read more about CySEC here.

Global provider of FX and CFD brokerage services Tickmill has announced that it has sponsored the Kyrenia Triathlon Team at the IRONMAN Austria, one of the most exciting races in the world.

Known to be one of the greatest challenges of endurance that Triathlon has to offer, IRONMAN Austria took place on 7th July 2019 attracting roughly 3,000 athletes from all over the world. The NOK triathletes embarked on a 3.8 km swim course in the charming Wörthersee lake, rode through the amazing landscapes of Carinthia on a 180 km course and finished the race with a 42.2 km run while thousands of spectators were lining the streets and hot spots to cheer on the athletes during the event.

"Sharing the same core values and vision, that is integrity, perseverance and pursuit of excellence, both Tickmill and the NOK Triathlon team aim to constantly challenge the limits of possibility and reach higher levels of performance. We are delighted and deeply honoured to be contributing our part to the success of the NOK triathletes and we will continue to empower them to fulfill their full potential and realise their aspirations in every possible way."

Tickmill as a new company has grown rapidly throughout only a few years so that the broker has been recognized by industry publications. The broker authorized and regulated by two major UK Financial Conduct Authority and by the Financial Services Authority of Seychelles. You can read our full Tickmill review here. 

The Cyprus Securities and Exchange Commission (CySEC) announces that it has reached a settlement with Cyprus Investment Firm Hoch Capital Ltd. This firm operates the brand iTrader. The firm has agreed to pay €200,000 related to a compliance investigation started by the regulator.

The iTrader has operated since 2012 and gained a reputation for success, leading to a stable base of worldwide users who make thousands of trades every month. The company headquarters in Cyprus, while holding internal lines of various countries for direct connection with their clients, the lines include Russia, Spain, Germany, France, UK, Italy, UAE, Norway and more. You can read our full iTrader review here.

A settlement has been reached for possible violations of The Investment Services and Activities and Regulated Markets Law. More specifically, the investigation for which the settlement was reached, involved assessing the Company’s compliance with the general principles for the performance of investment activities and the general principles and information to clients.

CySEC notes that all amounts payable from settlement agreements are considered revenue of the Treasury of the Republic and do not constitute income of CySEC.

The Cyprus Securities and Exchange Commission, better known as CySEC, is the financial regulatory agency of Cyprus. It supervises and controls the operation of the Cyprus Stock Exchange, grants operation licenses to investment firms, including investment consultants, brokerage firms, and brokers, impose administrative sanctions and disciplinary penalties. You can read the detailed article about the Cyprus Securities and Exchange Commission here.

Tickmill as a relatively new player among the brokers that offers its services 2014 but already showed its significant impact on the trading industry by the number of clients and gains they report.

The rapid development of Tickmills’ trading environment recently brings the fantastic achievement of a record increase in Net Profits consolidated for 3 quarters of 2019, while the Company projecting to reach $35 million per year.

Some of the best advantages of Tickmill its agency only execution model, which makes no difference between clients, very advanced instrument range together with high technology possibilities to trade along with great pricing starting from 0 pips. Read more about STP Brokers by the link.

As Tickmill states, moving to trading volumes Tickmill reached organic growth in key markets over 13.1% comparing to last year’s results noting its strong profitability, cost optimization and overall investment in technology. What is interacting, recent developments of Tickmill boosts productivity even through low volatility of 2019 that makes Tickmill group stronger by inject of additional capital and serving as additional protection to the clients and company itself. Also, this great achievement brings additional opportunities to diversify portfolio and offering, introduce better conditions and produce even better results to the benefit of both international traders and the company as well.

Together with its competitive offering to both beginning and professional trader Tickmill may bring you some tailored solutions, so you may read full Tickmill Review by the link and get to know about their general offering in a detail. As well you may check the other UK regulated brokers for your consideration.

RoboMarkets, a foreign exchange (forex) broker licensed in Cyprus, has just announced that it has become an Official sponsor of one of the leading women’s volleyball teams of the Republic of Cyprus. 

Since the moment the team was founded in Limassol in 1976, TRB-Danoi ΑΕΛ (AEL Limassol), later rebranded to RoboMarkets AEL, has held leading positions among volleyball teams of the Republic of Cyprus and has won a lot of regional and international competitions. AEL has won the women’s volleyball Championship of Cyprus 29 times. The team has also won the women’s volleyball Cup of Cyprus 28 times and the women’s volleyball Super Cup of Cyprus 13 times.

"We appreciate persistence, aggressiveness, self-confidence, and great teamwork – RoboMarkets AEL represents these values perfectly and we’re proud that the team was named after our Company."

"We support sports teams, which are like-minded and share our values. Women from volleyball team RoboMarkets AEL are very persistent in achieving their goals, hard-working at practice, and ready to support each other at any moment."

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on the financial market, with access to its proprietary trading platforms. You can check our full review of RoboForex broker, one of the RoboMarkets’ brands.

Multi-asset brokerage, Axiory, has relaunched its highly successful 25 USD No Deposit Bonus to give traders access to its 100s of products and CopyTrade platform at no cost. 

Following a highly successful run in 2021, the No Deposit Bonus is back with a twist; traders can now trade live instantly upon opening a live account with Axiory. 

“While we’ll always prioritize compliance and security, we’re aware that every second in the market counts,” said Roberto d’Ambrosio, CEO and Director of Axiory. “So, we’ve built a system that allows clients to start trading live within minutes while maintaining a smooth and controlled verification system.” 

The No Deposit Bonus is Axiory’s way of giving traders a helping hand and the opportunity to experience real live trading with a broker before investing. It’s also an opportunity to allow people to get to know the broker, its services and support team. 

“Traders need to familiarize themselves with a broker, and what’s better than trading live with the broker before investing their own hard-earned money?” said d’Ambrosio. “We understand concerns traders may have and are determined to give them the best services possible, support them, and show them why Axiory is a good choice with actions, not only words.”

The Axiory 25 USD No Deposit Bonus went viral in 2021 as traders rushed to take advantage of this opportunity. Following significant upgrades, introducing new products and services, and a complete rebrand, the award-winning broker is bringing the bonus back for new traders to take advantage of.

In addition to trading live, Axiory clients have access to award-winning education including videos, articles, webinars, and a dedicated market news and educational portal Axiory Intelligence. With the full support of Axiory’s customer care team, clients are able to take full advantage of the bonus and make the most out of it. 

Traders can get the bonus and start trading instantly by simply opening a live account with Axiory. 

The global broker HotForex offers four generous bonus programs for new and existing traders to have the chance to double their deposits, protect their funds from drawdowns and even get daily cash rebates.

International award-winning forex and commodities broker HotForex, offers new and existing traders the chance to kickstart their trading journey with one of four generous bonus programs:

• 50% Welcome Bonus - Increase your balance by 50% from your first $50 deposit into a new MT4 Micro account, applicable automatically to your account.

• 100% Supercharged Bonus - Earn daily cash rebates of $2 per lot on every deposit of $250 or more, for trading or withdrawal, directly to your account.

• 30% Rescue Bonus - Increase your account leverage on every eligible deposit over $50 and protect from periods of drawdowns.

• 100% Credit Bonus - Increase your account leverage with this bonus that can be withdrawn if volume requirements are met.

HotForex always puts a lot of efforts for its traders to have the best trading experience and feel valued and rewarded. Besides the bonus programs, the broker also has the Traders Awards monthly contest, frequent social media contests and the Trading Rewards Loyalty Program. 

To find out more and claim one of these bonuses today, visit the HotForex Bonus Offerings page and carefully read the terms and conditions. 

Risk warnings:

Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. 

International multi-asset brokerage HotForex keeps on offering traders a rewarding experience. This time the broker is giving away $1,000,000 in cash prizes through the ROFM (Return on Free Margin) promotion. Those who joined the ROFM can earn returns on their free margin funded directly to their accounts on a monthly basis. 

A HotForex spokesperson commented:

We always keep our clients at the heart of everything we do and the Return on Free Margin promotion is an exciting part of our constant efforts to provide them with an optimal trading experience. We hope each one of our valued clients, as well as new clients, will enjoy the opportunity to earn their part of the $1,000,000 available!

How ROFM works 

With this Return on Free Margin promotion traders will be able to receive daily returns on their investments. All new and existing clients can join in and receive daily earnings from a massive $1 million prize pool. 

The ROFM is based on the trading volumes for the current month and daily free margin of the trader. The total return is credited to the traders’ wallet every month and traders can choose to trade or withdraw. 

Learn more about ROFM (Return on Free Margin).