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Cyprus Securities and Exchange Commission (CySEC)Enforcement

CySEC: RoboMarkets Ltd pays €100,000; Eurotrade Investments RGB Ltd loses CIF licence

Cyprus Securities and Exchange Commission (CySEC)EnforcementIssued

By the ExamPass CY editorial teamPublished

  • Enforcement
  • Governance
  • Investor protection

Short answer

CySEC announced a €100,000 settlement with RoboMarkets Ltd on 24 August 2026 over possible breaches covering organisational requirements, client information, appropriateness and its restrictions on selling CFDs to retail clients; the amount has been paid. On 17 September 2026 it announced that it had withdrawn the CIF authorisation of Eurotrade Investments RGB Ltd, which did not have at least two persons effectively directing its business and did not comply in relation to its organisational arrangements.

At a glance

Fined
RoboMarkets Ltd, a Cyprus investment firm (settlement). The second case, Eurotrade Investments RGB Ltd, is a withdrawal of authorisation, not a fine.
Penalty
RoboMarkets Ltd: €100,000 settlement, already paid. Eurotrade Investments RGB Ltd: withdrawal of its CIF authorisation.
Decided
Settlement announced on 24 August 2026; withdrawal announced on 17 September 2026.
Why
RoboMarkets Ltd: possible breaches in a review from June 2023 to 28 June 2024. Eurotrade Investments RGB Ltd: no longer met the conditions of its authorisation.
For your firm
Check that at least two persons effectively direct the business, and test client information, appropriateness assessments and CFD controls for retail clients.

What did the RoboMarkets Ltd settlement cover?

On 24 August 2026 CySEC announced a €100,000 settlement with RoboMarkets Ltd, a Cyprus investment firm (CIF), over possible breaches of Cyprus investment services law and of Regulation (EU) No 600/2014 (MiFIR). The settlement relates to a review of the firm's compliance from June 2023 to 28 June 2024. The firm has already paid the amount.

As reported, the review covered the organisational requirements for CIFs, the information given to clients, the assessment of whether products were appropriate for clients and product intervention, in particular CySEC's restrictions on the marketing, distribution and sale of CFDs to retail clients. CySEC may settle where there are reasonable grounds to believe that legislation it supervises may have been breached.

Why did CySEC withdraw the authorisation of Eurotrade Investments RGB Ltd?

On 17 September 2026 CySEC announced that it had withdrawn the CIF authorisation of Eurotrade Investments RGB Ltd. As reported, the reasons were non-compliance with the requirement to have at least two persons effectively directing the business and non-compliance in relation to its organisational arrangements. As a result, the firm no longer met the conditions on which its authorisation had been granted.

Following the withdrawal, CySEC set out steps for the firm, among them to remove from its websites and elsewhere all references to investment services and to its CySEC licensing and supervision, investigate and resolve client complaints, and to provide no investment or ancillary services. For the grounds and consequences of withdrawal in general, see our study note on suspension and withdrawal.

What should compliance officers check after these cases?

Two persons directing the business. One of the two grounds for the withdrawal was the requirement for at least two persons to effectively direct a CIF. Confirm that this holds today and how it will hold if one of them leaves; see our study note on CIF boards.

Clients and CFDs. The settlement covered client information, appropriateness and CySEC's retail CFD restrictions. Test these controls in the next monitoring cycle; see our study note on client information and appropriateness and our study note on CFD restrictions.

What to do

  1. Confirm that at least two persons effectively direct the business, and how this will continue if one of them leaves.No fixed deadline
  2. Review organisational arrangements against the conditions of the firm's authorisation.No fixed deadline
  3. Test client information, appropriateness assessments and controls under CySEC's restrictions on CFDs for retail clients.No fixed deadline

In the exam

The two-person rule for directing a CIF, withdrawal of authorisation, the appropriateness test and CySEC's restrictions on CFDs for retail clients are covered in the CySEC Advanced and Basic exams.

Related study notes

Cypriot Investment Firms (CIFs)What rules apply to a CIF's board of directors?Fitness of directors, the minimum of two people running the firm, the directorship limits for significant CIFs, and what CySEC must be told about the board.Cypriot Investment Firms (CIFs)When can CySEC suspend or withdraw a CIF's authorisation, and what happens to clients?The grounds for withdrawal, how total, partial and immediate suspension work, and what a firm must do for its clients when it gives up or loses its licence.Investor Protection and Conduct of BusinessWhat information must clients receive, and when is an appropriateness test needed?The fair, clear and not misleading standard, the rules on past, simulated and future performance, electronic information by default, and the appropriateness test and its execution-only exception.Cypriot Investment Firms (CIFs)How does CySEC restrict CFDs and binary options for retail clients?CySEC's product intervention measures under MiFIR Article 42: the five conditions for selling CFDs to retail clients, the binary options ban and its two narrow exceptions, and whom each measure covers.

Preparing for an exam?

Practise the topics behind this update

Exam-style questions with a hint before you answer and a full explanation after, chapter by chapter.

Sources

  1. CySEC Board decision announcements: settlement with RoboMarkets Ltd (24 August 2026) and withdrawal of the CIF authorisation of Eurotrade Investments RGB Ltd (17 September 2026) (opens in a new tab)

    CySECOfficial text

  2. Cypriot investment firm pays €100,000 settlement to CySEC over possible breaches (opens in a new tab)

    Cyprus MailCommentary

  3. RoboMarkets Pays €100K in CySEC Settlement Over Retail CFD Rules (opens in a new tab)

    Finance MagnatesCommentary

  4. RoboMarkets fined €100,000 by CySEC (opens in a new tab)

    FX News GroupCommentary

  5. CySEC strips licence from Cyprus investment firm (opens in a new tab)

    Cyprus MailCommentary

  6. CySEC withdraws license of CFDs broker Eurotrader (opens in a new tab)

    FX News GroupCommentary

Summary prepared by the ExamPass CY editorial team; it is not the official text.

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