Spot Capital Markets fined by the CySEC

The Cyprus Securities and Exchange Commission has imposed a fine on Spot Capital Markets.

The fine is 50 thousand Euros and the reason for it is non compliance with the law and a directive in 2016, sections 36(1) and 36(1)(a) about professional competence of investment firms and the natural persons employed by them.

Spot Capital Markets runs these brokers: 7trade, Binary Index, Binaxo, Blink Binary, Bull Binary, Capo Trade, Cardinal Markets, CBF Invest, Finance Yards, Moboption, Mustoption, Noble Option, Optionweb, You Option, Zone Options, Capital Edge Markets, Fim Trading and CFD House.