Cyprus financial regulator CySEC has withdrawn the Cyprus Investment Firm (CIF) licence of Eurotrade Investments RGB Ltd, which operated the Eurotrader CFD brokerage business in the European Union.
The regulator said the company failed to meet requirements concerning the effective management of its activities and its organisational arrangements, meaning it no longer satisfied the conditions attached to its authorisation.
Eurotrader had held its CySEC licence since 2015. The group’s EU-facing websites now appear to be offline, while the brand has also previously lost its UK FCA authorisation.
