CySEC restores EZTrader’s CIF license


In an attempt to ensure maximum compliance to standards, the Cyprus securities and exchange commission (CySEC) suspended the CIF license granted to WGM Services Ltd., parent of binary options broker EZTrader.com sometime last month. The decision was based on suspension of alleged violations regarding:

1. Huge exposures

2. Safety of client funds

3. Own funds, as regards the capital adequacy of investment firmslt.bbc0ac0c3f912b406dd80245ace6ad0568567ceec29ee4ac204a60c5aeb18379

It was confirmed yesterday that CySEC has restored EXTrader’s license after confirming that the company has satisfactorily complied with the provisions of the Law.

EZTrader CEO Shimon Citron;

“Upon the successful completion of CySec’s requirements, our company is now extremely organized and operating in the most strict standards of CySec. All other companies in the industry will have to adhere to the same standards.”

We plan to continue to develop our business in the European market as well as the rest of the world and provide our customers with the most trusted and reliable service.”

EZTrader COO Liran Gilboa;

“Professionalism, honesty and new developments are an integral part of our corporate environment. We will continue to strive to execute our business plan and provide our customers with the highest level of service.”

 

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