Cyprus’ CySEC withdraws license suspension of binary options brokers Leadtrade, TTCM, leaves that of Gametech

Cyprus’ CySEC withdraws license suspension of binary options brokers Leadtrade, TTCM, leaves that of Gametech

CySEC Cyprus

The Cyprus Securities and Exchange Commission (CySEC) said on Monday it has withdrawn the suspensions of license of binary options brokers Leadtrade Ltd. and TTCM Traders Trust Capital Markets Ltd. The two brokers have managed to satisfy the requirements for provisions of own funds and capital adequacy ratio.

The CySEC just recently issued notices about the suspension of the Cypriot investment firm (CIF) authorization of the two brokers, in addition to Gametech (Cyprus) Ltd. and Dragon Options Ltd. The brokers had failed to maintain the minimum of own funds required and the necessary capital adequacy ratio. The regulator gave the four entities 10 days to take actions to comply with its requirements.

Dragon Options was the first one to resume operations. As we have informed you, the broker was the only one to freely do business, until yesterday when the CySEC lifted the license suspension of Leadtrade and TTCM, as well. The change has already been reflected on the watchdog’s website.

Of the four brokers listed earlier, Gametech is the only one which license remains suspended. During the that period, it is not allowed to take on new clients, execute orders, perform investment services, or advertise themselves as investment service providers.

Leadtrade, previously known as ex Spot Trading ST Ltd., operates the websites www.leadtradeltd.com, www.topoption.com,  www.optionsclick.com, www.prestigeoption.com, www.excellenceoption.com, and www.platiniumoption.com.

TTCM Traders Trust Capital Markets has several domains approved by the CySEC – www.traders-trust.com, www.tradingforex.com, www.ttcmpartners.com, www.ttcminvestment.com, and www.alumnuscapital.com.

When engaging with unauthorized and non-regulated brokers, traders are putting their investments at higher risk. We strongly advise you to only deal with regulated forex brokers, authorized by reputable regulatory bodies like CySEC, FCA, and CFTC/NFA, among others.

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