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Royal Forex loses CySEC CIF license

Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license granted to Royal Forex Ltd, due to the company’s decision to expressly renounce it.

Royal Forex Ltd operated the Retail FX and CFD brokerage websites Roinvesting.com and RoyalForex.com.

Royal Forex had been fined fairly heavily over the years by CySEC for various violations, totaling nearly €420,000. The Roinvesting.com was previously a sponsor of Serie A team AC Milan, named as the club’s Official CFD Partner back in 2020-2021.

fxnewsgroup.com

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