Invest.com parent company renounces CySEC CIF license. The existing clients with open positions will need to close their open trades by April 23. Then, all accounts will be halted for all activity with the exception of the withdrawal requests.
13 April, AtoZForex – The retail and CFD brokerage Invest.com has made an announcement on its website, stating that its parent company GS Sharestocks Ltd has made a decision to renounce its CySEC CIF license. The parent company has also decided to stop all regulated services as of 9 April.
Invest.com Parent Company Renounces CySEC CIF License
Invest.com has stated that its website has limited all the new registrations and deposits. The existing clients with open positions will need to close their open trades by April 23. Then, on April 23, all accounts will be halted for all activity with the exception of the withdrawal requests.
Later on, on July 31, Invest.com will close all accounts, while any unclaimed funds will be deposited with a third party fiduciary.
The changes within the company will be applicable to the other brand of GS Sharestocks, site called GetStocks.
The official announcement on the website of Invest.com reads:
“Clients who have available funds in their accounts, are kindly requested to contact the Company by e-mail at email@example.com to facilitate withdrawal and return of their available balance. Withdrawals will be performed in accordance with Company’s Terms & Conditions.
On July 31st 2018, the Company will proceed to close ALL accounts and any unclaimed funds will be deposited with a third party fiduciary. Should you require any further clarifications, kindly contact us at firstname.lastname@example.org.”
What now for Invest.com?
Invest.com and GS Sharestocks have acquired Anyoption.com binary options brand during last summer. Anyoption has been operating under a separate CySEC CIF trading brand, Ouroboros Derivatives Trading Ltd. The license of that company has eventually been renounced.
It is now unclear what would be the further direction of the company, as some of the online reports state that Invest.com founder Ophir Gertner has launched Blockchain solutions company entitled Smartlogic.io. He is also reportedly involved with Blockchain platform Stox.com.
We have reached out to the company for their comments, and are currently awaiting the response. We will update you once we receive any official information.
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