WIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner
Abstract：The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.
The CySEC explains that, according to article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, it has the power to reach a settlement for any violation or possible violation, act or omission for which there is reasonable ground to believe that it took place in violation of the provisions of CySECs supervised legislation.
A settlement has been reached with the CIF Mount Nico Corp Ltd for possible violations of the Investment Services and Activities and Regulated Markets Law of 2017 and the Directive DI144-2014-14 of the Cyprus Securities and Exchange Commission for the Prudential Supervision of Investment Services Firms.
More specifically, the investigation for which the settlement was reached, is related to the findings concerning, the period of February 2020 to December 2020, with regard to the Companys compliance with:
1. Article 5(1) of the Law regarding the requirement for CIF authorization.
2. Article 22 (1) of the Law regarding the obligation of continuous compliance with the conditions of CIF authorisation and specifically with articles 17(3)(c) (specifying an identified target market) and 17(9) (safeguarding of clients rights of the Law).
3. Article 24 of the Law regarding conflicts of interest.
4. Paragraph 21(g) of the Directive DI144-2014-14 regarding the variable elements of remuneration.
5. Article 25, sections (1) and (3), of the Law regarding the general principles and information addressed to clients.
6. Article 26(3)(a) of the Law, Law regarding the assessment of suitability and appropriateness and reporting to clients.
The settlement reached with the investment firm, for possible violations, is for the amount of €290,000, which the company has already paid.
Read more
Indian Stocks Rally, but the Rupee Breaks a Six-Day Winning Streak—What's Behind the Sudden Reversal
Indian stock indices today, i.e., June 22, 2026, recorded growth, with the BSE Sensex rising 297.11 points to 77,094.07, recording a 0.38% jump. On the other hand, the NSE Nifty hit approximately 24100, largely aided by broad-based purchases across sectors, except for consumer durables and fast-moving consumer goods (FMCG). The Nifty grew by 89.80 points (0.37%+) to 24,102.90.
RoboForex Review 2026: Are Traders Losing Sleep Over Missing Funds? Details Inside!
RoboForex, a Belize-based forex broker, has been gaining traction not only due to its products and services but also massive user allegations, especially regarding fund withdrawal access. Users worldwide have reported their frustration over alleged missing funds, withdrawal denials, and a complete lack of customer support service online. If you are one of its clients and have faced similar issues, this article is meant specifically for you! In this RoboForex review article, we have examined several user-reported allegations. Additionally, we examined its regulatory status and regulatory scope. This helps provide a clearer picture of RoboForex.
Low Latency Trading: The Milliseconds That Can Make or Break Your Profits
Time is precious, more so in forex trading, where a millisecond delay can either make your winning position turn into a regretful loss or cut short your profit so much that it feels like a loss. While going through numerous user reviews, we often come across the disappointing experiences of slippage draining out their profits due to slow trade order execution. In this article, we have elaborated on low latency, its impact on your trading experience, a host of factors that determine it, etc.
Is plexytrade Losing Customer Trust? A 2026 Review of Pending Withdrawals & Account Suspensions
As we examine plexytrade, we come across attractive terms like opening the account with just $50 and enjoying 100% tradable bonus and 120% cash bonus. These terms can prompt anyone to open a plexytrade trading account. But as an informed trader, you need to go beyond these marketing terms. What is the real-time trading experience? Are users receiving the benefits as promised? The plexytrade reviews shared by users online indicate that not everything is good at this broker. Traders have claimed pending withdrawals, high slippage eating into their margins and unwanted account suspensions by the broker. In this article, we have examined user allegations as well as provide our in-depth perspective into the broker’s regulatory status.
WikiFX Broker
Latest News
Why Employment Data Releases Destroy Short-Term Forex Trades
WikiFXMaking Sense of Central Bank News: How Revaluation, Interest Rates, and Reserves Move Currencies
WikiFXFBS Review 2026: Is This Forex Broker Safe?
WikiFXFive Chinese Fined RM4,000 Each for Promoting Cryptocurrency Investment Scheme in Malaysia
WikiFXIndian Stocks Rally, but the Rupee Breaks a Six-Day Winning Streak—What's Behind the Sudden Reversal
WikiFXRoboForex Review 2026: Are Traders Losing Sleep Over Missing Funds? Details Inside!
WikiFXAmana Capital Review 2026: Regulation, Complaints, and Withdrawal Risks
WikiFXReview 2026: Regulation, Clone Warnings, and Withdrawal Complaints
WikiFXReview 2026: OROKU EDGE Regulation, Complaints, and Withdrawal Risk Signals
WikiFXCrude Rebounds Over Strait Closure
WikiFXRate Calc
