"Tradeo" under CySEC, bans all Bonus Promotions as of January 31st
CySEC changes its regulation in terms of bonus promotions.
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Tradeo, an online Forex & CFD brokerage firm with “social & copy trading platform” has announced that the broker is going to ban all current bonus promotions from January 31st, 2017.
In their official announcement, it states:
As you surely know our regulating body CySEC, recently announced some changes that will directly affect bonus schemes.
This means that starting from 31/01/17, we will no longer be offering 25$ welcome bonus, or any other bonus for the time being.
The current bonus promotions offered by Tradeo includes $50 Deposit Bonus, $25 No Deposit Bonus and 100% Deposit Bonus.
All of the above promotions are available only for limited time until 31st of January.
If you wish, you may join the promotion before the date.
More restrictions by authorities
These years, several major regulatory authorities have been regulating financial markets even more stricter than before.
The new regulations are applied on CFD services, maximum leverage, bonus offerings and also restrictions of money transfers to other countries.
The changes have affected, and will affect millions of retail investors.
We Hercules Finance, continues to provide more information of upcoming new regulations and also solutions of them.
New brokers, promotions from different areas, latest online payment services and many more!
Stay updated with Hercules Finance!