Inveza Capital Ltd Gave Up CySEC License

Inveza Capital Ltd voluntarily gave up its operating licence obtained from the Cyprus Securities and Exchange Commission (CySEC). Although this decision was concluded on 5th December 2022, the regulatory board made its decision two months later, on 14th February 2023.

Inveza Capital received its licence (number 209/13) in August 2013, according to the list of companies registered under the CySEC authorisation. Inveza Capital was authorised to provide investment services through the website inveza.com.

CySEC announced that “The Cyprus Securities and Exchange Commission, on its meeting of 5th December 2022, has decided to withdraw the Cyprus Investment Firm authorisation with Number 209/13 of Inveza Capital Ltd (LEI 21380072YOYRXZ8TKE88) (the Company), pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05, due to the company's decision to expressly renounce it”.

Inveza Capital was formerly known as NFX Capital Cy Ltd and Vinst Capital Limited. Investors could trade stocks, bonds, and ETFs and gain early access to IPOs of well-known companies through its platform.

The above statement was posted on Inveza Capital's official website. Current clients who are trading or who have open balances with Inveza are urged to close all opening trade positions and withdraw their remaining balance.

On 5th December 2022, the Cypriot regulatory body also revoked the license of F1Markets Ltd. There were several different FX and CFD brands operated under F1Markets, including Investous, which was suspended in May 2022.

Despite having a CySEC licence, F1Markets' operations were not without criticism. The UK FCA discovered that the company had used fictitious celebrity endorsements to market its services in the UK. As a result, CySEC consequently put a month-long suspension on the company's licence. Then, in August of last year, the business consented to pay €150,000 for a number of potential licencing law violations.

In early February, CySEC additionally announced the cancellation of the TradoCenter and Toro Invest licenses, trading brands operated by FF Simple and Smart Trades Investment Services Ltd.

In recent weeks, CySEC has been actively warning retail investors about the concerned activities of unlicensed trading firms. The most recent warning was launched in February regarding IMS Crypto – a company that falsely claims to possess a CySEC license owned by another company. Read here for more information: https://www.wikifx.com/en/newsdetail/202302105274919349.html.