Traders Trust’s CySEC license gets withdrawn & Reactivated again

April 3, 2017

Traders Trust's CySEC license had been suspended temporary.

Traders Trust’s CySEC license gets withdrawn & Reactivated again

According to the official statement by CySEC, the financial license of Traders Trust has been withdrawn(which was decided on board on March 13th) and CySEC has reactivated the license on today, April 3rd.

The license has been temporarily withdrawn due to the suspicions of an alleged violation of following regulations.

  1. Section 67 of the Law (Own funds)
  2. Article 92(1) of the European Regulation No. 575/2013 (Capital adequacy ratio)

The second regulation states the followings on CySEC’s official “Regulation” document.

1. Subject to Articles 93 and 94, institutions shall at all times satisfy the following own funds requirements:
(a) a Common Equity Tier 1 capital ratio of 4,5 %.
(b) a Tier 1 capital ratio of 6 %.
(c) a total capital ratio of 8 %.

The action(license withdrawal) wasn’t related to recent license withdrawals of Binary Options brokers, but it was due to Traders Trust’s capital adequacy ratio.

Although the statement was published on Mach 31st, CySEC has already announced today that:

Traders Trust has already complied with the laws and regulations, thus they have withdrawn the suspension of Traders Trust’s license.

Thus, there will be no changes to the service of Traders Trust further, and no impacts on traders’ trading activities.

For more information or inquiries regarding to this, please contact Traders Trust support desk.

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