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CySEC withdraws license of IFCM Cyprus Ltd

Maria Nikolova 0 Comments November 27, 2024

The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of IFCM Cyprus Ltd.

The withdrawal is in line with section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of the Directive DI87-05.

The regulator notes the company’s decision to expressly renounce its authorisation.

The firm operates via www.ifcmarkets.eu and www.icmetrica.com. Its trade name is ICmetrica, as indicated on CySEC’s website.

Maria Nikolova

Maria has been engaged in journalism for more than 17 years, providing Forex industry coverage for the past 10 years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.