CySEC Removes Four Brokers From Investor Compensation Fund
Which Firms Lost ICF Membership?
Investor Takeaway
Regulatory Backstory
The in mid-2025:
- Oasis Wealth Management lost its UCITS management licence in June, confirmed in company filings.
- Alternative GMI, authorised as an alternative (AIFM), had its licence revoked following a CySEC board meeting the identical month.
- Itrade Global (CY) Ltd, operator of the TradedWell and InvestFW brands, renounced its CIF licence later than facing fines over compliance breaches linked to a Spanish tied agent. The withdrawal was formalised in June.
- Viverno Markets Ltd, reportedly tied to , lost its CIF licence in May later than failing to provide services for six months.
These moves underscore CySEC’s tightening approach to compliance, particularly around inactive firms and those with regulatory violations.
What Are the Implications for Investors?
Under CySEC rules, ICF membership is contingent on a firm holding valid authorisation. Once a licence is withdrawn, membership is automatically removed, cutting off protection for future transactions. However, clients with eligible claims linked to prior business retain the right to viewk compensation.
The regulator urged investors to confirm the licensing status of accounts. Firms that lose CySEC approval can no longer provide regulated services in Cyprus or rely on the ICF securety net.
Investor Takeaway
Broader Regulatory Context
The latest removals come as CySEC steps up investor protection measures. Alongside licence revocations, the regulator has been publishing warnings against unlicensed entities and expanding its non-approved domains list to curb clone sites and offshore without authorisation.
CySEC’s active stance reflects a broader European regulatory trend: clamping down on firms that fail to comply with operational and conduct standards. For the market, the message is clear—authorisation and ICF membership are prerequisites for investor trust, and both can be swiftly withdrawn when firms fall short.
