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CySEC imposes a fine on 30 000 EUR on Trade.com broker

created Paweł MosionekApril 5 2018

LeadCapital Markets, which owns the Trade.com brand, was fined by the Cypriot financial supervision authority. The case concerns breaches of licensing terms by the broker in 2016-2017. The fine amounts to EUR 30.

The reasons for punishing Trade.com

The fine was imposed by CySEC in connection with the company's operation in Romania without the required permits. In the middle of 2017, this branch was irretrievably closed by a broker, but the penalty was imposed.

Fragment of the CySEC message:

The company allowed the provision of services by its Romanian branch before its official registration in the register of the local regulator, despite the fact that it was fully aware of such an obligation - the CySEC statement

LeadCapital Markets is a company present on the market since 2013, which has a CySEC license number 227/14. The company operates on a global scale, although for unknown reasons the Trade.com website is not responding today. Does she have more problems than official sources report?

The official CySEC message

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Traders Union: Best Low Spread Forex Brokers, CySEC, forex broker, forex cyprus, forex cheating, trade.com, lead capital, leadcapital

About the Author

Paweł Mosionek

Active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Two-time winner of "Junior Trader" - an investment game for students organized by DM XTB. Addicted to travel, motorbikes and skydiving.

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