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Lucro Capital Ltd, owner of the HiWayFX forex broker operating from the sites www.lucrocapital.eu; www.hiwayfx.eu; www.hiwayfx.com, has renounced its license, the Cyprus Securities and Exchange Commission (CySEC) said.
According to the announcement, this happened in the end of April this year. The company has three months to settle and until it does, it remains under the supervision of CySEC. Lucro Capital got a license from the Cyprus regulator in 2014.
Neither the watchdog, nor the company, provide further details.
In addition to the CySEC license, the broker has one from the financial markets regulator of the offshore zone St. Vincent and the Grenadines.
HiWayFX supports the popular MetaTrader 4, as well as GWAZY white-label trading platform and also offers a wide range of extra services, like a specialized account for the ZuluTrade peer-to-peer online trading network and Trading Signals social trading service.