CySEC-regulated broker 3angleFX fined €50,000

Rick Steves

CySEC found that Triangleview failed to comply with the jurisdiction’s regulation regarding the protection of clients’ funds.

The Cyprus Securities and Exchange Commission, the country’s financial watchdog and one of the leading regulators providing an EU passport to FX and CFD brokers across the globe, has fined Triangleview Investments Ltd.

Triangleview Investments Ltd, which holds a CIF license with CySEC, offers access to CFD trading covering FX, Stocks, Commodities, Indices, and Cryptos via MetaTrader 5 and cTrader through three websites: triangle.markets, 3anglefx.com, and 3angleview.com.

€50,000 fine for issues with the protection of clients’ funds

CySEC found that, between the period December 2021 and February 2022, the company failed to comply with the jurisdiction’s regulation regarding the protection of clients’ funds.

Triangleview reached a settlement with CySEC for the amount of €50.000, which is considered revenue of the Treasury of the Republic and does not constitute income of CySEC.

According to the license it holds regarding ancillary services, the company may provide the following ancillary services:

1. Safekeeping and administration of financial instruments, including custodianship and related services.

2. Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction Foreign exchange services where these are connected to the provision of investment services.

3. Foreign exchange services in connection with the provision of investment services.

As to investment services, Triangleview is authorized to provide the following investment services:

1. Reception and transmission of orders in relation to one or more financial instruments

2. Execution of orders on behalf of clients

 

 

Read this next

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

“The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

<