Abstract:When checking on the CySEC register, we found the regulatory status of Royal Forex changed into under examination for voluntary renunciation of the authorisation.
That means the Royal Forex‘s surrender of license is entirely voluntary based on the company’s decision and does not arise as a result of any regulatory action.
The reasons leading up to this decision remain unclear, but CySEC will certainly maintain supervision over the financial service company until it has taken care of its responsibilities under the license.
The revenue of FXCM UK for 2021 was $13.6 million, a 12% decrease from $15.4 million in 2020. The company's net profit for the year decreased from $4.9 million in 2020 to only $227,982 in 2021, just over breakeven.
According to Rakuten Group, the establishment of Rakuten Securities Holdings, Inc. and the reorganization of the securities firm were completed as planned.
DtpFx Ltd is a forex scam warned by FCA recently. However, it hasn't stopped its steps to scamming after being warned.
Although digital currencies have been around for over a decade, the concept is still foreign to many.