Cysec Suspends Licences for Various Brokers


Cysec Suspends Licences for Various Brokers

Cyprus Security and Exchange Commission (CySEC) in accordance with new governing standards have suspended various CIF Licenses including Top Options , OptionClick, Prestige Options among others . CySEC states that there are “violations of legal provisions concerning  the companies’ own funds and capital adequacy ratio for the license suspension.


Brokers, that have their licence suspended, are Topoption, OptionsClick, Prestige Option, Excellence Option, Platinium Option, Prooption, Dragon Option and TradersTrust. Until this matter has been resolved they cannot let their clients trade and they must allow them withdraw money. Further information regarding this offences can be found


This is one of the many changes CySEC is propsing to make the trading markets more regulated and in line with other security exchanges.  A further implication said to announced is the cancellation on all types of bonuses offered by Binary Options brokers, including TopOption, that keeps the customer’s money blocked until they reach a certain amount of trades. The current proposition is that this suspension will last a period of 10 days.  We shall keep you updated should the situation change.


We will keep you updated as we here further news regarding these developments. is secured website via https:// SSL encrypted protocol and Scam-free guaranteed by Site Lock daily scams! Clicking any the content available in this website is totally RISK-FREE! Please also feel free to check out our signals page for alternatives which are generally are available worldwide unless specified. Thank you for reading this review.

Review Date
Reviewed Item
Cysec Suspends Licences
Author Rating

One comment

  • hartietina9atgmaildotcom

    I registered with a scam broker and was tricked into putting in money, they also attempted to take money from my card without my consent. I had to hire a refund professional to recover my funds.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.