CySEC Lowers Deposit Limit Before ID Check: Will It Impact CFD Brokers’ Client Onboarding? - Data Intelligence

Brokers on cTrader Gain Automated Onboarding with Integrated KYC and AML via TeamForce Technologies

TeamForce Technologies has completed the integration of its customer relationship management system and branded mobile applications with cTrader, a trading platform used by many brokers.Recently, Spotware, the developer of cTrader, updated its cTrader Invite toolkit. The upgrade introduces features aimed at improving how Introducing Brokers interact with brokers and how traders are onboarded. These include automated IB registration, real-time CR…

CySEC Lowers Deposit Limit Before ID Check: Will It Impact CFD Brokers’ Client Onboarding? - Data Intelligence

The Cyprus Securities and Exchange Commission (CySEC) issued a circular today (Wednesday), updating the requirements for verifying customer identities under the country’s anti-money laundering law. The circular applies to all entities regulated by CySEC, including investment firms that offer Contracts for Difference (CFDs). Funds Returned If Verification Not Completed Under the new rules, total deposits from a customer cannot exceed €2,000 befor…