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Royal Forex loses CySEC CIF license

Gerald Segal 0 Comments March 11, 2025

Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license granted to Royal Forex Ltd, due to the company’s decision to expressly renounce it.

Royal Forex Ltd operated the Retail FX and CFD brokerage websites Roinvesting.com and RoyalForex.com.

Royal Forex had been fined fairly heavily over the years by CySEC for various violations, totaling nearly €400,000. The Roinvesting.com brand was previously a sponsor of Serie A team AC Milan, named as the club’s Official CFD Partner back in 2020-2021.

Gerald Segal

Gerald is one of the most experienced writers covering the online trading sector. Prior to starting FNG, Gerald founded Forex industry B2B news website LeapRate.com in 2010, selling it in 2018 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.