CySEC-regulated brokerage Coverdeal Holdings renounces license
Many CySEC brokers operate scams through offshore companies, using the CySEC CIF license to pretend seriousness. Admittedly, not all CySEC CIFs are bad 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.