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CySEC-regulated brokerage Coverdeal Holdings renounces license

Coverdeal and CoverdealFX terminated
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The withdrawal of CySEC-regulated investment firms (CIF) is good news for EU investors in principle. Many of them support scam brokers or operate scams themselves through offshore companies, using the CySEC CIF license to pretend seriousness. Admittedly, not all CySEC CIFs are engaged in scams but quite a lot are. In this respect, it is good news for investor protection if CySEC companies withdraw. Coverdeal Holdings Limited has done so, renounced its CIF license 231/14, and terminated its respective activities.


The company received license CIF 231/14 in 2014 which is under examination for voluntary renunciation of the authorization. The company’s CEO is Gabriela Antonia (LinkedIn profile) who joined in 2015. In August 2018, Coverdeal Holdings had to make a payment of €250,000 as part of a settlement with CySEC for possible regulatory violations.

Coverdeal Holdings has been operating in several EU member states and has a branch in the Czech Republic. It operates multiple approved platforms and domains:

  • CoverdealFX Europe – www.coverdealfx.eu;
  • CoverdealFX Czech – www.coverdealfx.cz;
  • CoverdealFX Poland – www.coverdealfx.pl;
  • Coverdeal FX Slovakia www.coverdealfx.sk;
  • GlobTrex – www.globtrex.com;
  • CoverdealFX – www.coverdealfx.com;
  • Coverdeal Europe – www.coverdeal.eu;
  • Coverdeal South Africa – www.globtrex.co.za.

Despite notifying of the major decision, the holding company did not reveal the reasons behind the termination of services and renouncing its license.

In the notification on its website, Coverdeal Holdings asks its clients to close and/or liquidate all open positions and withdraw any available balance on your account by 15/11/2020 at 18:00 GMT+3. Funds that are not withdrawn by this time will be transferred to the Investor Compensation fund of the CySEC and can be claimed in due course.

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