CySEC on Wednesday announced that the Investors Compensation Fund (ICF) has withdrawn the ICF membership Otkritie Capital Cyprus Ltd.
CySEC writes off eleven handful forex brokers from its investor compensation fund membership including UBFS Invest, Spot Capital Markets Ltd and Alfa-Forex.
Following the updated rules of the CySec on ICF, Atoz Markets reached the regulator's representatives and Cypriot-based brokers to get their opinion.
Falcon Broker clients receive compensation from the Investor Compensation Fund, as the Cypriot regulator has initiated a payment process.
Falcon Brokers ICF compensation commences today and the former clients of the broker are now eligible for a refund. Which procedures do you have to follow?
As after the suspension more and more withdrawal complaints are coming to the light, AtoZ Forex decided to look into the case of ACFX withdrawal issues.