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CySEC declares bonuses unfair and unnecessarily

On March 16, 2017, CySEC (Cyprus Securities and Exchange Commission) released a Circular (C194) called “Offering bonuses to retail investors”. This circular reiterated CySEC’s standpoint on bonuses and other trading benefits offered in the CFD and Binary Options Markets, as unfair and not necessarily in the best interest of the clients as required by the legislative framework. Therefore, such bonuses and trading benefits are not permissible to be offered by Cyprus Investment Firms.