简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Investors Compensation Fund (ICF) has withdrawn Coverdeal Holdings Ltd's membership in the ICF, which includes brands like Coverdeal FX, according to the Cyprus Securities and Exchange Commission (CySEC).
The Cyprus Securities and Exchange Commission (CySEC) today confirms that the Investors Compensation Fund (ICF) has withdrawn the ICF membership of Coverdeal Holdings Ltd, operator of brands such as Coverdeal FX.
It is noted that, in accordance with paragraph 6(3) of the Directive, the loss of ICF membership status does not mean loss of rights of covered clients to receive compensation in relation to investment operations carried out until the loss of membership status, if the conditions for compensation are fulfilled pursuant to the Directive, nor does it obstruct the initiation of the compensation procedure for covered clients.
The withdrawal of the ICF membership was announced shortly after CySECs decision to withdraw the Cyprus Investment Firm (CIF) authorisation of Coverdeal Holdings Ltd.
Lets note that Coverdeal Holdings operates a raft of online trading brands, such as Coverdeal FX and Globtrex. The list of domains the company operates includes:
www.coverdealfx.eu; www.coverdealfx.cz; www.coverdealfx.pl; www.coverdealfx.sk; www.globtrex.com; www.coverdealfx.com; www.coverdeal.eu; www.globtrex.co.za
Most of the above-mentioned websites are no longer active. Others are still up and running but show the following announcement:
Notification of Measures Related to the Termination
We would like to inform you that Coverdeal Holdings Ltd. (the “Company”) has decided to terminate its activities by requesting the renouncement of its license number 231/14 as a Cyprus Investment Firm.
Therefore, the Company does not accept any new clients, and any existing clients will not be able to trade in their account, or to enter any positions unrelated to the closing/termination of their open positions.
We kindly ask you to close/liquidate all open positions and withdraw any available balance on your account by 15/11/2020 at 18:00 GMT+3. The withdrawal of your funds will be processed in accordance with your valid documents.
Please note that if your documentation is not sufficient, you will be contacted by the Company in order to provide us with the necessary documentation to successfully complete this process.
If you do not withdraw your funds by 15/11/2020 at 18:00 GMT+3, the Company will transfer your funds to the Investor Compensation fund of the Cyprus Securities and Exchange Commission (CySEC) which can be claimed in due course.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
STARTRADER has once again solidified its leadership in the forex industry with the prestigious Skyline Guide 2024 award for “Company Outstanding Performance in the Forex Industry”.
SEC seeks a 4-month extension to review 133,582 documents in the Coinbase lawsuit. The deadline could be extended to February 2025 as crypto regulations tighten.
Recent reports indicate that following a reduction in gold import duties this summer, there has been a significant surge in consumer demand for gold jewelry and bars in India, driving global gold prices to unprecedented levels.