The Cyprus Securities and Exchange Commission has withdrawn the regulatory licence of TTCM Traders Trust Capital Markets Ltd after the CFD broker voluntarily surrendered its authorisation. The decision, made earlier in 2025 and published Tuesday, removes TTCM’s ability to provide investment services under Cyprus’s regulatory framework. The broker previously offered leveraged trading across forex, indices, commodities, metals and shares.
This withdrawal follows a growing trend of firms exiting the Cyprus Investment Firm regime voluntarily. Similar cases include Fibo Markets and Forextime Ltd, which had its authorisation withdrawn in 2024. The move signals continued regulatory pressure in the region as firms reassess their licensing strategies.
Separately, CySEC has issued new reporting requirements for EU investment firm branches and crypto service providers operating in Cyprus. Firms must submit validated statistical data for the previous year through electronic systems or face administrative penalties. The regulator also announced on-site inspections and reviews scheduled for 2026 focusing on remuneration practices, platform design and conflicts of interest.
FXnCO Insight
Brokers should review their Cyprus licensing arrangements immediately as voluntary exits accelerate and CySEC intensifies compliance scrutiny ahead of 2026 inspections.
Source: Finance Magnates